{"id":68771,"date":"2026-08-22T03:36:25","date_gmt":"2026-08-22T03:36:25","guid":{"rendered":"https:\/\/www.europesays.com\/news\/68771\/"},"modified":"2026-08-22T03:36:25","modified_gmt":"2026-08-22T03:36:25","slug":"if-dodgers-are-put-up-for-sale-patrick-soon-shiong-is-interested","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/68771\/","title":{"rendered":"If Dodgers are put up for sale, Patrick Soon-Shiong is interested"},"content":{"rendered":"\n

Mark Walter is not selling the Dodgers<\/a>, his people say. Stan Kasten, the Dodgers\u2019 president, said it again Friday. The team, as a Los Angeles Times headline put it, is the \u201ccrown jewel\u201d<\/a> of Walter\u2019s sporting empire.<\/p>\n

Walter was not selling the Lakers, either, until he suddenly did<\/a> last week. And, amid a cash crunch triggered by a federal investigation into insurance firms his companies control, potential bidders for the Dodgers are monitoring the situation closely.<\/p>\n

If Walter were to sell the Dodgers, a long line of interested parties could include the runner-up when he bought the team in 2012: Patrick Soon-Shiong, the owner of the Los Angeles Times.<\/p>\n

On Friday, Soon-Shiong said through a representative that he would be interested in leading an investment group should Walter decide to sell the team.<\/p>\n

\u201cWe respect Mr. Walter, and we want to make it clear we have not spoken with him,\u201d said Chuck Kenworthy, the family attorney for Soon-Shiong. \u201cIf at some point he would like to discuss the Dodgers, we would be very open to talking.\u201d<\/p>\n

Walter\u2019s TWG Global did not immediately return a request for comment.<\/p>\n

The Dodgers could command between $10 billion and $13 billion<\/a> \u2014 at the higher end, three times as much as the record sale price for a major league team \u2014 a high-ranking industry source told The Times on the condition of anonymity.<\/p>\n

In 2012, Soon-Shiong joined hedge-fund titan Steve Cohen<\/a> in trying to buy the Dodgers, with Cohen as the controlling partner. Walter and his partners won the bidding at $2.15 billion, well above the $1.6 billion runner-up bid of Soon-Shiong and Cohen.<\/p>\n

In 2020, Cohen bought the New York Mets for $2.4 billion. The record price tag for a major league team: $3.9 billion for the San Diego Padres, officially sold this week to an investment group led by a married couple: Jose E. Feliciano, the founder of Clearlake Capital in Santa Monica, and Kwanza Jones, an artist and entrepreneur.<\/p>\n

The record price tag for any North American sports team: $12.5 billion, the valuation of the Lakers in the deal announced last week in which Walter agreed to sell to a group fronted by former Disney chief Bob Iger and venture capitalist Joshua Kushner.<\/p>\n

Insurance regulators and federal investigators are looking into whether certain financial transactions between various entities controlled by Walter were properly disclosed to investors and compiled with regulations designed to protect them.<\/p>\n

The cash \u2014 from the sale of the Lakers and other assets \u2014 can help pay off loans under scrutiny by regulators. It is uncertain whether that would satisfy the federal agencies probing potential wrongdoing. No charges have been filed and investigations often conclude without charges.<\/p>\n

Soon-Shiong, a biotech billionaire, bought The Times in 2018. He bought Magic Johnson\u2019s 4% stake<\/a> in the Lakers in 2010. Kenworthy told The Times on Thursday Soon-Shiong does not intend to sell his stake<\/a> in the team.<\/p>\n

In 2012, Soon-Shiong explored buying AEG<\/a>, the sports and entertainment company that owns the Kings, the Galaxy and Crypto.com<\/a> Arena. AEG owner Phil Anschutz ultimately decided not to sell.<\/p>\n

Soon-Shiong considered buying the Angels<\/a> in 2022, in the window between owner Arte Moreno announcing he would explore selling the team and deciding the following year that he would not sell.<\/p>\n

Soon-Shiong is bringing the Global Esports Games to Los Angeles in December. He also has bought a Major League Volleyball expansion franchise<\/a> that is scheduled to start play in Los Angeles next year.<\/p>\n","protected":false},"excerpt":{"rendered":"Mark Walter is not selling the Dodgers, his people say. Stan Kasten, the Dodgers\u2019 president, said it again…\n","protected":false},"author":2,"featured_media":68772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[35711,14060,5153,35709,9924,8,35708,35707,3213,6620,306,35710,33746,9,35705,35706,7003,7],"class_list":["post-68771","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-cash-crunch","tag-cohen","tag-company","tag-controlling-partner","tag-dodgers","tag-headlines","tag-insurance-regulator","tag-investment-group","tag-lakers","tag-last-week","tag-los-angeles-times","tag-major-league-team","tag-mark-walter","tag-news","tag-patrick-soon-shiong","tag-record-sale-price","tag-team","tag-top-stories"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/117137072639501089","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/68771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=68771"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/68771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/68772"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=68771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=68771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=68771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}