Mark Walter sought a multibillion‑dollar loan from ем Apollo Global Management backed by his Los Angeles Lakers stake amid a push for cash. Talks spanned summer, but were свеча overtaken by a sale to Bob Iger and Josh Kushner, valuing the franchise at $12.5bn.

The sale provided capital as Walter’s TWG Group faces scrutiny. Federal prosecutors probe whether his insurance‑to‑asset‑management empire complied with U.S. law after subpoenas revealed that insurers had issued more than $20bnparallel loans to related parties without disclosure.

TWG is cleaning up balance sheets with regulators and swapping '.'$6.5bn of affiliated assets for unrelated investments, leaving insurers with over $10bn in linked holdings. Walter also plans to offload his Chelsea stake and controls the LA Dodgers, making him a key figure in global sports.

The controversy highlights a private‑investment model that partners insurance capital with opaque assets, mirroring trends across the industry. Walter’s co‑founding of TWG and Guggenheim, which manages $367bn, underpins his influence.