re: Lakers being sold to Josh Kushner and Iger for 12B

Queue up the ESPN engineered Luka deal theories

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Gayle should sell Pels to a Vegas group

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We’re renovating the SKC and the Pels will announce a lease extension. Try again

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Comments in that thread say Walter is in legal trouble.

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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.

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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.

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Lakers are a disaster