TWG Global rejects 'fire sale' narrative as federal probes unfold
TL;DR Summary
TWG Global, the holding company behind Mark Walter’s insurance-and-investment empire, says there has been no fire sale and no fraud as U.S. prosecutors and the SEC review its affiliated investments; it asserts cooperation with DoJ/SEC inquiries and ongoing efforts to dispose of affiliated assets, noting that the Lakers stake is being explored for sale at a premium while other holdings like the Dodgers and Chelsea FC are not in a sale process.
Topics:sports#business#los-angeles-lakers#mark-walter#securities-and-exchange-commission#twg-global-llc#us-department-of-justice
- Mark Walter’s group insists there is no ‘fire sale’ and ‘no fraud’ Financial Times
- Mark Walter's TWG Global blasts 'attacks,' insists 'no fraud' amid federal probe CNBC
- Dodgers not for sale despite Lakers deal, insists owner Mark Walter's company: 'The team is not being sold' CBS Sports
- Los Angeles Dodgers Owner’s Troubles Roil Insurance World The New York Times
- A billionaire’s sports team sell-off could complicate MLB’s salary-cap push The Washington Post
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