The Los Angeles Dodgers and Los Angeles Lakers are more connected now than ever after billionaire Mark Walter, who owns the Guggenheim conglomerate, bought the marquee basketball team.
Walter bought the Lakers for $10 billion from the Buss family, and with the sale going through, the Dodgers’ owner becomes the man for both of the city’s biggest teams.
Since joining the MLB, Walter has financed and powered the Dodgers into a powerhouse that not only spends more than any team but also efficiently optimizes every part of the organization — from the farm system to the under-the-radar finds.