Mark Walter’s sports empire made him one of the most recognizable owners in American sports. His financial empire was considerably less visible, even though it was hiding in plain sight. But recent developments now have the business mogul facing scrutiny over the financial machinery behind his sports empire, raising much bigger questions about the entire private credit sector.
Walter, the controlling owner of the Dodgers and until recently the majority owner of the Lakers, is at the center of a Securities and Exchange Commission investigation, according to regulatory filings first reported on by Bloomberg in July.
