Mark Walter sought loan from Apollo backed by Lakers stake
Talks over the financing continued until Guggenheim chief reached a deal to sell the holding in the basketball team
Talks over the financing continued until Guggenheim chief reached a deal to sell the holding in the basketball team
BELLINGS Intelligence Score: 12
Why it matters
This is a routine financing attempt by a prominent individual using a sports franchise stake as collateral, which is business activity without broader market or structural impact.