Is the Dodgers Era of Unlimited Financial Resources Ending?

[Corbi296]

If you have not been paying attention to the problems that triggered Dodgers controlling owner Mark Walter's surprise sale of the Lakers after only one year of ownership, you should. The problems are serious and involve an FBI investigation into the business dealings of his insurance arm and some very pissed off bankers who are demanding that he raise cash to pay back some of their loans. Bottom line, it looks like Walter was using his insurance arm to support his investments in the sports teams to a much larger degree than was thought without properly disclosing it. All of this is triggering a liquidity crunch and the need to sell the Lakers to raise cash. It's not clear if at some point he'll also have to sell the Dodgers but at a minimum it's clear they will not have the financial resources going forward that they previously had because they won't be able to use Walter's Insurance arm as their liquidity piggy bank. Bad news for the Dodgers but I think good news for the rest of baseball. 

Mark Walter Dangled Guggenheim Stake To Quickly Secure Loans.html