Mark Walter is selling the Los Angeles Lakers for a reported $12.5 billion just 14 months after taking control of the franchise. But the timing of the blockbuster deal is raising bigger questions.
Federal investigators are examining billions of dollars in transactions involving Walter-linked financial and insurance businesses, while new reporting points to potential liquidity pressures across his financial empire. The investigation has also reportedly reached executives connected to Guggenheim Investments.
So why sell the Lakers now? Is the $12.5 billion deal simply an extraordinary business opportunity, or is there more happening behind the scenes? And with Walter maintaining control of the Los Angeles Dodgers, could his sports holdings face additional changes?
Diamond K breaks down the Lakers sale, the federal scrutiny surrounding Walter’s financial businesses, what investigators are examining, and what we actually know about the future of the Dodgers.
The Diamond K Show — news, politics, sports and culture without the spin.
