Will the Dodgers be heading toward new ownership? Will Mark Walter sell the World Series champions? These rumors have circulated among baseball fans since Walter sold the LA Lakers for $12.5 billion, just months after acquiring a controlling stake in the NBA franchise from the Buss family.
According to reports, the DOJ is investigating the CEO of Guggenheim Partners over alleged loan fraud, which allegedly prompted Walter to sell his majority stake in the Lakers.
As speculation intensifies, team president and part-owner Stan Kasten was asked by the media to explain the developments involving Walter and the federal investigation.
"I'm not contemplating anything about the investigation. If you are prepared to already conclude the investigation before anyone else is, you can do that. But that's what you're trying to do. I'm not going to do that," Kasten told the media.
When a reporter drew comparisons between Walter and the way the previous owner, Frank McCourt, ran the ballclub into bankruptcy, Kasten said such an "inappropriate" comparison should not be made.
#kasten #investigation #Lakers
According to reports, the DOJ is investigating the CEO of Guggenheim Partners over alleged loan fraud, which allegedly prompted Walter to sell his majority stake in the Lakers.
As speculation intensifies, team president and part-owner Stan Kasten was asked by the media to explain the developments involving Walter and the federal investigation.
"I'm not contemplating anything about the investigation. If you are prepared to already conclude the investigation before anyone else is, you can do that. But that's what you're trying to do. I'm not going to do that," Kasten told the media.
When a reporter drew comparisons between Walter and the way the previous owner, Frank McCourt, ran the ballclub into bankruptcy, Kasten said such an "inappropriate" comparison should not be made.
#kasten #investigation #Lakers
2 months ago
