Los Angeles Lakers Sold to Multiple Buyers at Record $12.5 Billion Valuation, Sparking Reg
Los Angeles Lakers sold to Josh Kushner and Bob Iger for $12.5 billion, mirroring interest from other billionaires like Josh Kushner and Bob Iger's potential sale of Chelsea FC. This transaction has prompted federal investigation into Mark Walter's business practices, particularly concerning his use of insurance capital to finance private credit and investments. Walter's strategy, involving swapping up to $6.5 billion of Delaware Life’s related-party investments for independent assets, has raised regulatory concerns about financial stability and risk. Following this, Walter is reportedly considering selling his stake in Chelsea FC to Clearlake Capital. This development reflects a broader trend among asset managers to invest in illiquid markets, despite the associated risks.
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Federal Investigation Sparks Concern Over Mark Walter's Business Practices
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Chelsea Chairman Explores Sale to Majority Owner Clearlake Capital
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Los Angeles Lakers Sold to Multiple Buyers at Record $12.5 Billion Valuation, Sparking Reg
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California Billionaires Rally Against Wealth Tax Amid Record Lakers Deal