Home Forums Baseball Mark Walter and Guggenheim Are in Trouble

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    • #15342
      PasadenaTrojan
      Participant

      https://x.com/brianhartpr/status/2088735147579289859?s=46

      this is pretty good summary of what Mark Walter did. It ain’t pretty. And helps explain the crazy high nba team valuations as well. This is gonna pop and Magic isn’t gonna have a piece of every sports team sold in last 10 years

       

       

    • #15344
      PasadenaTrojan
      Participant

      Another very deep dive….they even had the auditors paid off

      https://x.com/darrenrovell/status/2088236406761988448?s=46

       

    • #15361
      PasadenaTrojan
      Participant

    • #15384
      PasadenaTrojan
      Participant

    • #15425
      Java
      Keymaster

      I don’t think they are.  This is what Warren Buffet did but Buffet spent the insurance money on buying other companies.  The idea of buying sports entities is unique and certainly riskier.

       

      The quick sale of the Lakers smells panic but $2.5 billion of profit has got to shore up the books for Walter’s group.

       

      I was under the impression the Dodgers were still spinning cash positively.

       

      One thing he COULD do is sell like 1/3 to half the team.  If he needed cash.

       

      As to the various loans, I have a hard time believing there are outsiders who would not loan his group, with the backing of the stocks funds and teams they have, money.  I mean, he COULD just like stop buying franchises left and right and actually make money off them for awhile.  That’s a unique concept.

      • #15436
        PasadenaTrojan
        Participant

        Warren didn’t buy sports franchises with BH money. he hopefully also didn’t lie about it.

         

         

      • #15439
        Java
        Keymaster

        Eh lying.  He probably signed some paper his accountant told him to sign.  I sign stuff all the time.  So did Trump

      • #15440
        PasadenaTrojan
        Participant

        Um….when the sign paper involves Billions you better know what it’s for

      • #15465
        PasadenaTrojan
        Participant

        Is getting a loan to buy an asset the same as “investing” into a company like BH way?
        and if you inflate the value of an asset in order to be able to get a bigger loan that is fraud.

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