What the LA Lakers ‘firesale’ says about sports investing

View: What the LA Lakers ‘firesale’ says about sports investing

Liz’s viewThere’s always money in the sports team.Mark Walter controls a vast financial empire and is under federal investigation for undisclosed related-party transactions between its interlocking parts. Unwinding those transactions will require him to raise billions of dollars.Most people in that situation would look to sell their most digestible assets, things like loans that Wall Street buys and sells before lunch, and Walter is doing a bit …

What the LA Lakers ‘firesale’ says about sports investing

Liz’s view There’s always money in the banana stand sports team. Mark Walter controls a vast financial empire and is under federal investigation for undisclosed related-party transactions between its interlocking parts. Unwinding those transactions will require him to raise billions of…