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Circular Financing
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Mark Walter bought the Lakers for $10 billion and sold them fourteen months later for $12.5. That's a 20% return - which sounds enormous until you consider that nobody sells the Lakers after a year unless something has gone badly wrong . Chris Branch, author of The Athletic's The Pulse, joins to pull on the thread: life insurance money funding franchise purchases, a UAE sovereign wealth fund in the holding company, a Kushner and a former Disney CEO waiting on the other side. Neither of them can prove anything. Both of them can tell something is rotten. -- Timestamps: (00:00) - Welcome and Guest Intro (00:45) - Why the Lakers Sale Matters (03:12) - Mark Walter’s Rise and Red Flags (04:58) -…