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Dodgers President Stan Kasten Rejects Sale Rumors

8/22/2026

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Summary

Story summary

Dodgers president Stan Kasten said the Dodgers are not for sale.
Mark Walter sold the Los Angeles Lakers for a record $12.5 billion to Josh Kushner and Bob Iger.
Kasten said the Dodgers are not involved in Walter’s federal tax-fraud investigation.
Kasten said reports of selling Chelsea FC or exiting TV contracts are mischaracterized and the sports portfolio remains intact.

History

Historical Context

After Frank McCourt’s 2004 purchase and a 2011 MLB takeover amid bankruptcy, the Dodgers were sold on March 27 2012 to Guggenheim Baseball Management—led by Mark Walter, Magic Johnson and Stan Kasten—for a record $2.15 billion, surpassing the previous $1.5 billion Manchester United deal. That landmark transaction reshaped MLB ownership and set a benchmark for later multimillion-dollar franchise sales.

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Story summary

Dodgers president Stan Kasten said the Dodgers are not for sale.
Mark Walter sold the Los Angeles Lakers for a record $12.5 billion to Josh Kushner and Bob Iger.
Kasten said the Dodgers are not involved in Walter’s federal tax-fraud investigation.
Kasten said reports of selling Chelsea FC or exiting TV contracts are mischaracterized and the sports portfolio remains intact.

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