The Los Angeles Sparks and their training facilities are on the market, with owner Mark Walter seeking a valuation of at least 7億ドル, according to Bloomberg News. The proposed sale price for the WNBA franchise would shatter existing league benchmarks if completed at that figure.
Mark Walter Pursues Sparks Sale Amid Federal Inquiry and Wider Portfolio Sales
The Los Angeles Sparks ownership shift arrives as Walter trims his extensive sports holdings. Bloomberg News reported that the sale effort encompasses both the franchise itself and its dedicated training facilities. The move follows similar divestments across Walter’s portfolio, including the sale of the Los Angeles Lakers in August for 125億ドル to venture capitalist Joshua Kushner and former Disney CEO Bob Iger just 14 months after that purchase. Walter also parted with his 12.83% stake in Premier League club Chelsea FC, which he had held alongside Todd Boehly.
Federal Investigation Puts Focus on Multi-Billion-Dollar Assets
The rapid succession of asset sales coincides with an ongoing federal investigation involving Walter. According to Bloomberg News, authorities have been examining whether multi-billion-dollar private credit assets held by an insurance company owned by Walter were used to support other business ventures without proper public disclosure. While the probe prompted speculation regarding the future of Major League Baseball’s Los Angeles Dodgers, Walter’s holding company, TWG Global, previously stated that no sale of the Dodgers is planned.
Rising valuations drive 7 billion price tag for Sparks
A 7億ドル price tag for the Sparks reflects the soaring valuations currently sweeping women’s professional basketball, where investor interest and media rights revenues have climbed sharply. The franchise features South Korean player Park Ji-hyun on its roster, establishing an international footprint for the team during this transition in ownership.
What assets are included in the valuation?
What assets are included in the 7億ドル valuation?
Bloomberg News reported that the asking price covers both the WNBA franchise and its dedicated training facilities.
