A couple of things are true: the Los Angeles Dodgers have the fastest wallet in Major League Baseball and can afford to spend to polish their World Series trophy at every turn, and they have earned the envy of the rest of the franchises in the ‘Big Top’ with their spectacular signings that can only be compared this season with what the New York Mets or the Yankees have spent.
The Angels’ roster is already impressive with the presence of players such as Shohei Ohtani, Mookie Bets, Freddie Freeman, Tommy Edman, Roki Sasaki, Yoshinobu Yamamoto, Max Mundy, Brusdar Graterol and a long etcetera. However, their leaders have not yet tired of shooting dollars in search of greater consolidation, and that’s not to mention the prospects they have in waiting.
However, their history in the past decade was not the same, and in 2011 they filed for bankruptcy protection, after which it was sold to the Guggenheim Ownership Group for two billion dollars, with CEO Mark Walter at the helm, who is now responsible for opening the portfolio and signing the checks with which the team has become an inexhaustible source of resources focused on a new title.
The path has been set for some time, and one of the facilitators is the money flowing from its coffers, with the acquiescence of a group of owners including the legendary Earvin ‘Magic’ Johnson, former executive of the country’s major sports leagues, except the NFL and MLS, Stan Kasten; and Peter Guber, an entrepreneur who owns the NBA’s Golden State Warriors and Major League Soccer’s Los Angeles FC.
Who is billionaire Mark Walter?
Guggenheim Partners is a financial and investment advisory firm with more than $270 billion in assets and was founded by Walter in 1996. The 65-year-old mogul’s personal fortune alone is estimated at more than $6 billion, so he can afford to be co-owner of the Chelsea FC of the Premier League and the Los Angeles Sparks of the WNBA; this without counting that also the Professional Women’s Hockey League is owned by him
However, Walter is by no means the most important magnate in MLB, where he is far surpassed by Steve Cohen of the Mets and John C. Malone of the Atlanta Braves. But he is the one who has done the best and can boast that his money is converted into championships and a source of much more money.
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