Mark Walter faces scrutiny over business deals involving Magic Johnson
Yahoo Sports • 1 min read • Latest: Sep 4, 2026, 4:07 PM
Last updated Sep 4, 2026
Billionaire Mark Walter faces allegations of improper financial arrangements with Earvin "Magic" Johnson regarding the 2012 acquisition of the Los Angeles Dodgers. Journalist Pablo Torre reported that the 2015 sale of EquiTrust to Johnson served as a hidden repayment for Johnson’s role in securing the Dodgers bid. Walter is reportedly under investigation by the FBI regarding unreported affiliated investments and potential tax issues. While Walter’s company, TWG Global, maintains that the Dodgers purchase followed all Major League Baseball regulations, the claims arrive amid heightened regulatory focus on sports ownership. This investigation follows recent penalties issued to the Los Angeles Clippers for salary cap violations involving payments to Kawhi Leonard. Walter’s portfolio currently includes stakes in Chelsea, Strasbourg, the Cadillac Formula One team, a women’s ice hockey league, and the Los Angeles Sparks.
- •Mark Walter is under FBI investigation for potential tax fraud regarding unreported affiliated investments.
- •Reports allege the 2015 sale of EquiTrust to Magic Johnson was repayment for his role in the Dodgers bid.
- •TWG Global states that an outside investigation found no irregularities in the Dodgers purchase.
- •The NBA recently fined the Los Angeles Clippers $30 million for salary cap rule violations.
- •Walter recently sold the Los Angeles Lakers to Bob Iger and Josh Kushner for $12.5 billion.
- 4:07 PMYahoo Sports — Walter made improper deal with Magic after buying Dodgers: report
"Billionaire Mark Walter made an improper deal with business partner Earvin "Magic" Johnson after getting the NBA legend's help in purchasing baseball's Los Angeles Dodgers, according to a report on Friday."He was sold one of these insurance companies by Mark Walter, his business partner.
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