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Dodgers ownership changes spark debate over Shohei Ohtani's contract clause

The Los Angeles Dodgers' future ownership is under speculation after Mark Walter sold the Lakers, but team officials say no sale is planned.

Recent reports of the Los Angeles Lakers changing hands for $12 billion have led to speculation that Mark Walter could also put the Dodgers up for sale. Walter, who heads Guggenheim Partners and has overseen the Dodgers' recent success, is currently under a federal loan-fraud investigation, fueling further conjecture. However, Dodgers president Stan Kasten told reporters the situation is solely a Lakers matter and that no sale of the baseball team is being considered.

The franchise, valued at roughly $8 billion, remains under Guggenheim ownership, which also includes stakes in Chelsea FC, the LA Sparks and a new F1 team. A unique “key man” provision in Shohei Ohtani's contract permits him to opt out if either president of baseball operations Andrew Friedman or owner Mark Walter leaves the organization. While the clause could become relevant if ownership changes, all parties have insisted the Dodgers are not for sale.

Why it matters

Ownership stability affects the Dodgers' financial resources and a star player's contract options.

How this story developed

  1. Aug 12 Bob Iger and Josh Kushner Acquire Lakers for Over $12 Billion
  2. Aug 12 Former Disney chief Bob Iger and investor Josh Kushner have agreed to purchase the Los Angeles Lakers for roughly $12.5 billion, pending NBA approval.
  3. Aug 12 The NBA Board of Governors scheduled a September vote on the proposed Lakers sale.
  4. Aug 13 The NBA’s advisory finance committee has begun its review of the proposed ownership change.

In this story

Dodgers ownershipMark WalterShohei Ohtani contractLakers salekey man clause
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