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.
Sources
Financial Times
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