The Los Angeles Dodgers’ president Stan Kasten’s words of assurance may not be enough anymore for the fans, considering how the team owner Mark Walter is getting into legal turmoil.

“The Dodgers are not being sold,” Kasten said last month.

“They’re not gonna be sold.

They’re not for sale.

There’s no process that has been started to sell it, period.

We are planning only to win.” This statement came just after Walter decided to offload his stake in the Los Angeles Lakers.

But legal drama escalated only thereafter.

Last week, Walter reportedly sold his stake in the English Premier League’s Chelsea.

Walter and Todd Boehly purchased the club in 2022 alongside Clearlake Capital for roughly $3.3 billion.

While Walter owns the WNBA’s Los Angeles Sparks, the Professional Women’s Hockey League, and Cadillac’s F1 team, the Dodgers are the only high-profile entity left with him.

The new class-action lawsuit filed against him just made things difficult for both the Dodgers and their owner.

“Los Angeles Dodgers owner Mark Walter is the subject of a class-action lawsuit alleging multiple insurance companies he owns hid an ongoing federal investigation from customers while funneling those customers’ money into Walter’s other companies,” The Athletic reported.

The suit was filed in a Florida federal court.

It accused Walter and his insurance entities such as Delaware Life Insurance Company, Clear Spring Life, TWG Global, and Guggenheim Partners of misleading customers.

They allegedly secretly funneled billions of dollars from policyholders’ premiums into a fund used to finance Walter’s private business network and sports purchases instead of safe, low-risk investments.

This is in addition to the previous accusation that Mark Walter intentionally misled regulators.

He committed fraud by misclassifying “affiliated assets” (loans made to his own companies) as “unaffiliated.” According to US law, insurance companies notify regulators of the investments they have made in entities affiliated with the insurer.

In the case of Delaware Life and Clear Spring, they invested around 42% of the investors’ money in companies affiliated with Walter’s different entities, but reported only 3%.

The worst part was that the lawsuit claims that this diverted policyholder money was used to help fund the $2.15 billion purchase of the Dodgers in 2012, as well as a majority stake in the Lakers in 2025.

Lakers have no more investments from Walter.

It is the Dodgers that will face the sweet chin music, considering they owe over $1 billion....