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

TWG Global denies fraud allegations in a new statement, saying no one has been harmed and that the Los Angeles Dodgers have top revenue in baseball.

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

TL;DR

  • 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.

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