The Professional Women's Hockey League (PWHL) will not undergo any ownership changes despite Mark Walter facing a federal investigation for financial fraud involving $21 billion. Walter, who has been under scrutiny for loans connected to insurance companies he owns, has sold his minority stake in the Los Angeles Lakers amid these developments. Yet, PWHL operations will remain under Walter's control alongside newly added investors from Ilitch Companies and Kimber Sports Ventures, contributing more than $100 million. The league continues to expand, having added new teams across North America as it prepares for a remarkable growth trajectory.

By the Numbers
  • $21 billion in undisclosed related-party loans under investigation.
  • $12.5 billion was the sale price for Walter's stake in the Lakers.
  • PWHL has expanded from 6 to 12 teams since its inception.
State of Play
  • The PWHL began its first season in 2024 and has added new teams quickly.
  • Walter's financial problems have raised questions about the PWHL's stability but confirmed no changes to ownership.
What's Next

While Walter navigates the federal investigation, the PWHL is expected to maintain its expansion strategy and continue to build on its popularity potentially increasing its media and revenue prospects.

Bottom Line

The PWHL's growth trajectory remains unimpeded despite legal challenges faced by its majority owner, underscoring the league's resilience and promising future in women's sports.