In 2003, Valenzuela returned to the Dodgers organization as the Spanish-language radio color commentator for National League West games, joining Jaime Jarrín and Pepe Ýñiguez in the Spanish-language booth.
In 2015, he was switched to the color commentator job on the Spanish-language feed of SportsNet LA.

Valenzuela also served on the coaching staff of Team Mexico during the 2006 World Baseball Classic, 2009 World Baseball Classic, 2013 World Baseball Classic, and 2017 World Baseball Classic.

He purchased the Mexican League team Tigres de Quintana Roo in 2017.
In 2003, Valenzuela returned to the Dodgers organization as the Spanish-language radio color commentator for National League West games, joining Jaime Jarrín and Pepe Ýñiguez in the Spanish-language booth. In 2015, he was switched to the color commentator job on the Spanish-language feed of SportsNet LA.
Valenzuela also served on the coaching staff of Team Mexico during the 2006 World Baseball Classic, 2009 World Baseball Classic, 2013 World Baseball Classic, and 2017 World Baseball Classic.
He purchased the Mexican League team Tigres de Quintana Roo in 2017.
Fernando Valenzuela