Favorite team:Atlanta Braves 
Location:Chelsea F.C. Fan
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Number of Posts:42757
Registered on:10/13/2005
Online Status:Not Online

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Surely, just another coincidence friends.

quote:

According to multiple sources who spoke on the condition of anonymity to protect relationships, those discussions have resumed with a view to Boehly and Walter selling their personal 12.8 per cent shareholdings to Clearlake, who are majority shareholders with a 61.5 per cent stake.

Last week, just 14 months after buying a majority interest in the Los Angeles Lakers for $10billion, Walter unexpectedly sold the team to Josh Kushner and Bob Iger at a record $12.5billion valuation, against the backdrop of a United States Department of Justice investigation into his business dealings.

Federal investigators are investigating insurance companies Walter owns. Walter did not respond to messages seeking comment for a story into the probe published by The Athletic on Monday, and federal officials at the agencies conducting the probe declined to comment.


Athletic Article
What are the good NFL streams these days? I'm doing Red Zone, but I'm not doing Sunday Ticket again.
Can’t wait to watch his “0” hang from the rafters in OKC.

:bow: Goatbrook
Shocked WestCoastF@g hasn’t appeared out of his lair yet.
Odd timing considering he’s under investigation eh?
quote:

The federal law enforcement probe into the financial affairs of the Dodgers' controlling owner, Mark Walter, seems to focus on what looks like an obscure financial maneuver: related-party transactions.


quote:

Walter tapped insurers he controlled to provide most of the financing for the $2.15-billion acquisition of the Dodgers in 2012, The Times has reported — a deal later vetted by state insurance regulators.

Now, regulators reportedly are investigating whether billions of dollars' worth of similar loans made by Walter's companies were properly disclosed.


quote:

There are examples in which related-party transactions led to trouble, including the 2001 bankruptcy of Enron Corp., the largest at the time in Wall Street history. Bernie Madoff profited from his Ponzi scheme through related-party loans.

At issue with Walter is $21 billion in loans not disclosed to state insurance regulators that were made by two Delaware insurers he owns, according to ratings agency Fitch. The loans reportedly were made to companies with ties to Walter or his TWG Global holdings company.


quote:

The seriousness of the investigation has been highlighted by subpoenas served on the insurers and the reported seizure of Walter's cellphone and laptop by federal authorities.


Tl;dr version: Basically it appears like there were potentially some financial shenanigans involving intra-group loans and how those were reported on insurance companies in his group so it seems like the Dodgers deferred deals (and maybe Chelsea too?) were a part of some financial fraud.

I.E. He may have Madoff’d his way to a Dodgers dynasty.

:Popcorn:

LA Times Paywall

That's good feedback.

My parents went to Patagonia and loved it. That's a great option to consider!

re: LLWS where are they now?

Posted by okietiger on 8/10/26 at 2:50 pm to
I dunno if "rarely" is a fair answer. But they aren't anymore likely than anyone else to become D1 prospects, let alone pro.

re: Anyone ever flown QSuites?

Posted by okietiger on 8/10/26 at 2:29 pm to
Perfect amount of time to emoji-troll the MSB!
Baseball is so weird.

Elite dudes just completely fall off the cliff, somewhat routinely.

Austin Riley is another example.
Family of 5. Kids ages 10-15. They’ve traveled to Hawaii, London, Paris as well as extensively in the lower 48.

With crazy sports schedules, early January is our best time to do a big trip.

I’m debating between a Queenstown/Auckland 9-10 day trip OR Portugal/Southern Spain 9 day trip, Jan 2028.

By chance anyone here done both of these and have any thoughts? I really want to go to NZ, but that flight there is somewhat prohibitive. Although you do “gain” time coming back.
I’m really bummed we have to wait so long for the 2nd season. Likely 2028? Sheesh.
fricking fire this jackass
tl;dr They bet on Ohtani eh?

quote:

You're leaving out the fact that by signing Ohtani, Sasaki and Yamamoto the dodgers were able to secure corporate sponsorship from several Japanese companies to the tune of about $200 million last year alone. The Dodgers knew if they signed Ohtani the income from these japanese sponsorships would more than pay for his huge contract which is why they were willing to pay as much as they did. Other MLB teams also knew this but weren't willing to fork over the upfront money. Boo Hoo......