Ross Gerber Says Mark Walter's Lakers Sale Wasn't a Choice: 'Something Shady Going On'
Ross Gerber said Mark Walter didn't sell the Lakers by choice, but because the federal probe into his insurance empire left him no option.
A business leader sold his basketball team because of a federal investigation into his insurance company, not because he wanted to. When powerful people are forced to sell big things quickly due to legal troubles, it can signal problems that might affect their other businesses too.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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