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re: Lakers being sold to Josh Kushner and Iger for 12B
Posted on 8/12/26 at 9:39 am to nicholastiger
Posted on 8/12/26 at 9:39 am to nicholastiger
quote:
Gayle should sell Pels to a Vegas group
Why the hell would she do that
Every owner in the league will get a big fat check to the tune of 100s of millions with two franchise fees for teams in Vegas and Seattle
You sell after that
Posted on 8/12/26 at 9:43 am to castorinho
Queue up the ESPN engineered Luka deal theories
This post was edited on 8/12/26 at 9:44 am
Posted on 8/12/26 at 9:54 am to Fun Bunch
quote:
Sold to a Kushner in LOS ANGELES
When I saw the name, my immediate reaction was
Posted on 8/12/26 at 9:54 am to nicholastiger
quote:
Gayle should sell Pels to a Vegas group
We’re renovating the SKC and the Pels will announce a lease extension. Try again
Posted on 8/12/26 at 9:59 am to Bunk Moreland
quote:
Comments in that thread say Walter is in legal trouble.
Dodgers are heavily leveraged against the extra TV Revenue money they get as the settlement with the League after their bankruptcy. No baseball next year means no TV money and that means there will be a budget shortfall. Add to that allegations that Walter was injecting his own money and his insurance agency money into the Dodgers operating capitol and it is a recipe for disaster.
quote:
The federal law enforcement probe into the financial affairs of the Dodgers’ controlling owner, Mark Walter, seems to focus on what looks like an obscure financial maneuver: related-party transactions.
They are deals between entities with business or personal ties, including loans, sales and other transactions, that can have legitimate reasons but pose potential conflicts of interest and typically require extra scrutiny.
Walter tapped insurers he controlled to provide most of the financing for the $2.15-billion acquisition of the Dodgers in 2012, The Times has reported — a deal later vetted by state insurance regulators.
Now, regulators reportedly are investigating whether billions of dollars’ worth of similar loans made by Walter’s companies were properly disclosed.
There are examples in which related-party transactions led to trouble, including the 2001 bankruptcy of Enron Corp., the largest at the time in Wall Street history. Bernie Madoff profited from his Ponzi scheme through related-party loans.
At issue with Walter is $21 billion in loans not disclosed to state insurance regulators that were made by two Delaware insurers he owns, according to ratings agency Fitch. The loans reportedly were made to companies with ties to Walter or his TWG Global holdings company.
This post was edited on 8/12/26 at 10:00 am
Posted on 8/12/26 at 10:20 am to chalmetteowl
quote:
We’re renovating the SKC and the Pels will announce a lease extension.
Link?
Posted on 8/12/26 at 10:41 am to castorinho
Lakers are a disaster
Posted on 8/12/26 at 10:42 am to castorinho
Couldn't get the Armenian island, so the Kushners bought the Lakers instead.
All that insider trading/pump & dump on the oil markets has really paid off.
All that insider trading/pump & dump on the oil markets has really paid off.
Posted on 8/12/26 at 11:00 am to Bunk Moreland
quote:
had no idea Josh was even a thing
Married to former supermodel & Former BFF of Taylor Swift.
Iranians believe Jared & Witkoff have made $6B off futures trading from 'negotiations.' I'm sure Josh has been totally in the dark on all that knowledge and didn't make a dime.
Posted on 8/12/26 at 11:07 am to supatigah
The Dodgers deserve every bit of the financial shite storm heading their way
Posted on 8/12/26 at 11:31 am to nicholastiger
quote:
Dodgers might need to be worried
Those deferred payments about to come due
This could be so awesome.
Posted on 8/12/26 at 11:32 am to supatigah
quote:
Dodgers are heavily leveraged against the extra TV Revenue money they get as the settlement with the League after their bankruptcy. No baseball next year means no TV money and that means there will be a budget shortfall.
Just another reason to cheer for a lockout.
Posted on 8/12/26 at 11:38 am to SDVTiger
quote:
Lakers are a disaster
quote:
SDVTiger
What are the clippers my guy?
Posted on 8/12/26 at 11:45 am to SDVTiger
quote:
Lakers are a disaster
Lol Clippers are right there with them
Posted on 8/12/26 at 11:45 am to Dawgsontop34
Clippers may be immune to the league given Ballmer’s ability to fight any punishment for the Kawhi cap circumvention.
Posted on 8/12/26 at 12:05 pm to castorinho
Wasn’t this same group of new owners involved in bringing a team to Vegas? If so what happens with that?
Posted on 8/12/26 at 12:06 pm to teke184
Has been entertaining watching lakers reddit melt over Kushner
Posted on 8/12/26 at 12:09 pm to OU Guy
quote:
Wasn’t this same group of new owners involved in bringing a team to Vegas? If so what happens with that?
Yes, they were.
I would think it means that the league has to find another potential expansion owner, if they didn’t already have more than two, or it will put expansion off by a bit.
Posted on 8/12/26 at 12:15 pm to teke184
Thanks. Not easy to find good owners. Seattle wants their team and now all that may be put on hold. If delayed those Seattle fans might blow a gasket lol. That's the bigger story here. New owners bought an existing historically gifted franchise vs a new one with no history.
Posted on 8/12/26 at 12:17 pm to castorinho
Yet another exhibit proving that the economy is working just as it was designed to. Good for our billionaire overlords.
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