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Pro Sports Liquidity Escape Hatch

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By Joe Weisenthal and Tracy Alloway August 25, 2026 at 3:31 PM UTC

Today we're pleased to bring you a guest contribution from Pranjal Drall and Andrew Granato, legal scholars who write about private equity, private credit, and life insurance. (We spoke with them in July about private credit's ongoing transformation of the insurance industry.) In today's post, they look at Mark Walter's insurance repayment problem and why he sold the Lakers.

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