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Los Angeles Dodgers president Stan Kasten moved this weekend to publicly dispute fraud allegations linked to the club's largest single owner, Mark Walter, telling reporters the team is not for sale and that the ongoing investigation has no connection to the franchise.
Walter is reportedly under investigation for allegedly mishandling insurance company investments, with at least $16 billion in loans said to be under federal scrutiny.
Kasten, speaking to the California Post in response to questions from reporter Dylan Hernandez, quoted Walter directly in ruling out any ownership change. "The Dodgers are not being sold.
There's no process that has been started to sell it, period," Kasten said, adding that Walter is "gung-ho about continuing to try to win." Asked about Walter's sale of the Los Angeles Lakers after just one year of ownership, Kasten called that situation "sui generis" and said it has no bearing on what happens with the Dodgers.
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