The TRUTH about the $12.5 billion LA Lakers Sale

Turns out the biggest story in sports right now is ACTUALLY the craziest scandal in private equity, private credit, and investing as we've come to know it over the past two decades. The question everyone is asking now: what other sports teams and rare assets may be up for grabs, and how widespread is this kind of activity in the first place? Quite possible that this shakes up the entire foundation of private markets investing as we know it today, where all the major private capital players have ARE WE MOVING BERNIE Madoff IVAN BOESKY TYPE OF SITUATION HE'S ALREADY SHED HIMSELF OF THE LAKERS HE'S SELLING HIS CHELSEA STAKE REPORTEDLY RIGHT NOW MY DODGERS ARE GONNA BE NEXT SO WHAT IS Let me explain to you WHY THE CRAZIEST STORY HAPPENING IN SPORTS RIGHT NOW IS ACTUALLY THE BIGGEST SCANDAL OF THE YEAR IN PRIVATE CREDIT WITH A BILLIONAIRE CALLED MARK WALTER CEO OF A FIRM CALLED GUGGENHEIM LIKE GOLDMAN SACHS AND MORGAN STANLEY GUGGENHEIM HAS AN INVESTMENT BANK AN ASSET MANAGER WALTER ALSO HAS HIS OWN INVESTMENT COMPANY CALLED TWG WHICH OWNS SEXY THINGS LIKE SPORTS TEAMS, ETC. BUT ALSO A BUNCH OF INSURERS WHOSE MONEY GUGGENHEIM NOW WHY ARE INSURERS SUCH GREAT THINGS TO OWN POLICY HOLDERS BY LIFE INSURANCE TODAY AND THE POLICY PAYS OUT DECADES FROM NOW UNLESS YOU GET HIT BY A THE INSURER TAKES THE PREMIUM YOU AND TRIES TO GROW IT FASTER THAN THE RATE TO MAKE SURE PILE OF CASH TO PAY OUT IN THE FUTURE THEY INVEST IT SAFE STUFF THAT PAYS REGULAR CASH LIKE TREASURIES AND INVESTMENT GRADE CORPORATE BUT THEY ALSO RISKIER STUFF HERE'S WHERE IT FOR SOMEONE LIKE MARK WALTER IF YOU CONTROL THE CEO OF AND AN ASSET YOUR DEAL TEAM A COMPANY OR A SPORTS TEAM YOUR INVESTMENT BANK COLLECTS THE ORIGINATION FEES ON THE DEBT YOU SELL THE DEBT TO THE INSURER MANAGER COLLECTS FEES FOR MANAGING THEIR MONEY EVERYONE'S MAKING MONEY HAND OVER FIST BECAUSE INSURERS USUALLY INVEST IN REALLY SAFE STUFF YOU CAN ALSO GET A TON OF LEVERAGE THE CAPITAL REQUIREMENTS INVESTMENT GRADE COLLATERAL LOANS COMMON STOCK "RELATED PARTY" 1-3% 6-7% 30% 30% YOU CAN INVEST 50 FOR RISKIER STUFF LIKE COLLATERAL HOLD MORE LIKE 6 OR 7% AND FOR THE COMMON EQUITY CAN GET COMPLETELY WIPED OUT TO LIKE 30 IF YOU'RE INVESTING THAT'S CALLED A RELATED PARTY INVESTMENT IT INCREASES YOUR CAPITAL REQUIREMENTS AND TRIGGERS A BUNCH OF DISCLOSURE BECAUSE OF THE OBVIOUS CONFLICTS OF INTEREST DELAWARE LIFE ONE OF WALTER'S INSURERS REPORTED 1.4 BILLION IN RELATED PARTY INVESTMENTS LAST YEAR DOJ PROBE THEY REVISED THAT NUMBER TO 17 BILLION WHICH IS WELL OVER THE CAP ON RELATED PARTY INVESTMENTS EVERYONE'S WONDERING IF THE CROWN JEWEL ASSETS AT TWG BE SOLD TO MARK WALTER HAS FROM THE WOMEN'S HOCKEY LEAGUE CALLED THE WALTER TO THE LA BOUGHT WITH MAGIC JOHNSON BACK IN 2012 STAKE IN CHELSEA FOOTBALL CLUB AND AS OF 10 A MAJORITY STAKE IN THE LA LAKERS WHICH HE BOUGHT BILLION DOLLAR VALUATION LAST OCTOBER AND A HALF BILLION TO JOSH TRUMP'S SON IN LAW'S YOUNGER BROTHER AND BOB IGER OF DISNEY LESS THAN A YEAR LATER