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re: How Dodgers owner scammed and cheated his way towards purchasing world series rosters
Posted on 8/14/26 at 6:41 pm to JerryTheKingBawler
Posted on 8/14/26 at 6:41 pm to JerryTheKingBawler
quote:no cap
Astros fans accusing teams of cheating
Posted on 8/14/26 at 6:54 pm to JerryTheKingBawler
Yankees down so bad that Jerry has resumed dickriding the dodgers?
Take a lap, pal.
Take a lap, pal.
Posted on 8/14/26 at 6:59 pm to OscarTheGrouch
quote:
lot of jealousy going on in this world. Not a good look
2027 will mot be played due to this.
Posted on 8/14/26 at 7:04 pm to jclem11
I’m not dickriding anyone. Stop projecting cheater.
Posted on 8/14/26 at 7:06 pm to ReauxlTide222
quote:if anything they’ll thrive due to how unhappy people would be and in search of something to tune out of a shitty reality
Y’all can’t see becoming a bit unmotivated to watch some of these sports if things don’t improve?
Posted on 8/14/26 at 7:07 pm to tiggerthetooth
It’s not the Dodgers fault that the Astros forced their WS winning manager into retirement and then hired a bozo with zero managerial experience and are now in the toilet
Posted on 8/14/26 at 7:14 pm to tiggerthetooth
This has been public information for a while?
The bigger question is why they’re under investigation now?
The bigger question is why they’re under investigation now?
Posted on 8/14/26 at 7:24 pm to BennyAndTheInkJets
quote:
This has been public information for a while?
Not exactly. Initially it was thought to only extend to his Lakers acquisition. It’s become clear that’s likely not the case.
This has the potential to be an Enron level scandal, which could mean all of those deferred contracts are void.
This post was edited on 8/14/26 at 7:25 pm
Posted on 8/14/26 at 7:26 pm to BennyAndTheInkJets
quote:
The bigger question is why they’re under investigation now?
Because supposedly Walters company wildly underreported the amount of his company's funds tied up in his own personal businesses. I think there was an estimated 12% reported but an audit found out as much as 39% of the Guggenheims funds may be tied up with his personal businesses which would be very bad.
Right now his company is working to break all ties between Guggenheim and his personal businesses which includes the Dodgers (and previously the Lakers before they were quickly sold).
Eta: whistleblower, not audit.
This post was edited on 8/14/26 at 8:32 pm
Posted on 8/14/26 at 7:27 pm to BennyAndTheInkJets
The existence of the insurance companies was known. What wasn't known was the alleged size, what was reported to regulators was like 2bn when what is being alleged is that its actually more like 16bn, and the fact that Mark Walter has a significant affiliation with the companies
Posted on 8/14/26 at 7:27 pm to tiggerthetooth
quote:
reported but an audit found out as much as 39% of the Guggenheims funds may be tied up with his personal businesses which would be very bad.
$22 billion in misrepresented assets bad.
Posted on 8/14/26 at 7:30 pm to BennyAndTheInkJets
quote:
The bigger question is why they’re under investigation now?
Someone inside Guggenheim blew the whistle on the percentage of insurance premiums paid by customers to Delaware Life and Clear Spring that are being "invested" as loans to other companies owned by Mark Walter.
Basically, if Delaware Life and Clear Spring are going to loan out their insurance premium proceeds to companies under the same ownership umbrella, they have to declare it. Walter is being accused of establishing shell companies as a middleman between his insurance companies and his other businesses to hide the fact that the insurance premiums are indeed going to his other businesses. This is called disclosure fraud and it is very, very illegal.
This post was edited on 8/14/26 at 7:32 pm
Posted on 8/14/26 at 7:54 pm to lurking
quote:
This has the potential to be an Enron level scandal, which could mean all of those deferred contracts are void.
Players union will be PISSED if that's the case, and they'll have a point.
Posted on 8/14/26 at 8:00 pm to Bestbank Tiger
quote:
Players union will be PISSED if that's the case, and they'll have a point.
Not much that can be done if the money doesn’t exist and won’t other than force MLB to allow 90% of the Dodgers roster to re-enter free agency.
Posted on 8/14/26 at 8:02 pm to Bestbank Tiger
quote:
This has the potential to be an Enron level scandal
I admittedly don’t understand the money aspect when it comes to deferred payments, tv deals, investors, etc. and what any of this stuff actually means. Can someone explain to me in retard-terms what is happening?
Posted on 8/14/26 at 8:04 pm to SOBmustpay
Essentially Mark Walter is being accused of doing a very Ponzi scheme red flaggy thing and given the size of Guggenheim, it would have significant impact if true that would go far past the Dodgers and Lakers
This post was edited on 8/14/26 at 8:05 pm
Posted on 8/14/26 at 8:15 pm to SOBmustpay
quote:
Can someone explain to me in retard-terms what is happening?
Basically he lied about the value of his businesses and hid this from investors, MLB, and the NBA by using shell (companies that exist on paper only) companies. Shell corps are not inherently illegal, but they’re often used for shady and/or illegal practices.
I don’t know for certain, but in the past MLB only approved deferred contracts based on liquid assets (meaning if the team wanting to defer went insolvent they’d still be able to pay out the terms of the contract to the player) and so my guess is MLB received false financial statements thinking they were legit.
This really could be a massive, massive scandal.
Posted on 8/14/26 at 8:23 pm to SOBmustpay
quote:
Can someone explain to me in retard-terms what is happening?
The team owes a lot more in future contracts than their legitimate financial status shows they can afford to pay.
Posted on 8/14/26 at 8:28 pm to theCAW
quote:
It’s not the Dodgers fault that the Astros forced their WS winning manager into retirement and then hired a bozo with zero managerial experience and are now in the toilet
Currently leading the division toilet?
Posted on 8/14/26 at 8:35 pm to lurking
They are required to place all deferred money into escrow. I wonder what the process is in place to ensure that has happened and how closely it is checked. I imagine players and their agents are asking a lot of questions about it right now if there is not a lot of diligence done
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