Walton Buys Stake in Diamondbacks

According to a Sportico report, Walton purchased the stake in 2024, though the transaction was never made public by the team. The billionaire, son of Walmart founder Sam Walton, will function as a limited partner with no decision-making responsibilities, while the majority of proceeds will fund Chase Field renovations.

The team has publicly committed to put in $250 million toward ballpark improvements, which also will be funded through taxpayer dollars via legislation passed last year. Ken Kendrick remains the managing general partner with the largest portion of ownership.