Dodgers owner Mark Walter denies reports, says team payroll is supported by revenue: 'There has been no fraud'

Mark Walter, principal owner of the Los Angeles Dodgers, is reportedly under federal investigation for alleged misuse of investment funds. His company, TWG Global, has issued a statement denying all fraud allegations and conspiracy theories, asserting that no one has been harmed. TWG Global stated that the Dodgers generate the highest revenue in baseball, far exceeding player obligations, and that the sale of the Lakers was an opportunistic decision, not a necessity.

• Principal owner Mark Walter is under federal investigation for alleged misuse of investment funds.
• TWG Global denies allegations of fraud, stating no one has been harmed.
• The company claims the Dodgers have the highest revenue in baseball, exceeding player payroll and luxury tax obligations.
• The sale of the Los Angeles Lakers was described as an opportunistic decision.
• TWG Global is cooperating with the Department of Justice and the Securities and Exchange Commission.