Dodgers, F1 stakes not for sale, says TWG Global as company sells assets amid fraud investigation
The comments were made in a biting news release attacking the investigations and allegations of fraud.
TWG Global has firmly denied reports that it is considering selling its stakes in the Los Angeles Dodgers or its Cadillac Formula 1 team, amid investigations into potential tax fraud. The company made the statement in response to allegations and rumors circulating in the media. TWG's founder and CEO, Mark Walter, is currently under investigation by the Securities and Exchange Commission and the US Attorney's Office for the Southern District of New York.
The company maintains that there has been no fraud and that speculation about asset sales is unfounded. TWG's CEO, Stan Kasten, echoed these sentiments, stating that the Dodgers are not being sold. TWG also reaffirmed its commitment to its other sports ventures, including ownership of the WNBA's Los Angeles Sparks, a Professional Women's Hockey League team, and a French top-flight soccer team, as well as stakes in other motorsports operations and English Premier League club Chelsea.
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- Mark Walter’s company says Dodgers not for sale japantimes.co.jp
