Walton Buys Stake in Diamondbacks

The transaction, valued at $2 billion for the franchise, took place in 2024 but was never made public by the Diamondbacks. Walton, worth nearly $146 billion, is serving as a minority limited partner with no decision-making responsibilities, while "the bulk of the proceeds" went toward Chase Field renovations, with the team committing $250 million to ballpark improvements.

The move aligns with previous statements by team president Derrick Hall, who in 2023 noted that bringing in additional investors was being considered "every year" to secure capital for payroll flexibility or ballpark projects.