The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
BELLINGS Intelligence Score: 12
Why it matters
A $12.5 billion sale of a sports franchise is a large private transaction but does not materially affect credit markets, underwriting standards, or systemic credit conditions relevant to sophisticated credit professionals.
Sources
The Wall Street Journal
The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
The Wall Street Journal
The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.