Report: Mark Walter tried to take out a loan against his Lakers stake
More troubling news about Lakers majority owner Mark Walter's finances is emerging.
Mark Walter, the former majority owner of the Los Angeles Lakers, attempted to secure a loan against his ownership stake in the team in recent months, according to recent reports. The talks with Apollo Global Management, a prestigious private investment firm, took place throughout the summer and were ongoing until Walter ultimately agreed to sell his share to Josh Kushner and Bob Iger, according to sources familiar with the matter.
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