Lakers, Mark Walter
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The FBI seized the phones of billionaire Mark Walter and a top Guggenheim Investments executive last year as federal prosecutors investigated businesses in his sprawling financial empire — months before he struck a $12.
The lightning-quick sale of the Lakers to Bob Iger and Joshua Kushner comes as Mark Walter faces federal probes into allegedly conflicted insurance loans.
Beyond the staggering 10 years and $700 million on Shohei Ohtani’s then-record contract with the Los Angeles Dodgers was a key-man clause that tied his future to that of owner Mark Walter and president of baseball operations Andrew Friedman.
SB Nation on MSN
Mark Walter may have sold Lakers to help pay down loans currently under federal investigation
The current federal investigation into Mark Walter could have been a factor in his sale of the Lakers.
Sporting News on MSN
Mark Walter investigation, explained: Why suspicious timing of Lakers sale raised eyebrows around NBA
With Walter's abrupt sale of the Lakers for billions in profit, a federal investigation he's connected to has become of further interest.
The NBA world is still coming to terms with the announcement that owner Mark Walter is selling the Lakers for $12. 5 billion.
Fadeaway World on MSN
LeBron James might have stayed with Lakers if Mark Walter sold before his decision
LeBron James might still be a Laker if Mark Walter sold the team earlier.