Eric Jackson of Event Horizon IQ has been going viral of late with his deep dives into the desperate activities of exiting Lakers owner Mark Walter. The distressed billionaire still owns the Dodgers, and apparently needs a lot more cash. What the hell is going on and what’s about to happen? Please Eric, explain it to me as though I were a small child, or a golden retriever.
I learned a lot over the course of this conversation and we hit many sports + sports adjacent subjects. Topics! Include!
Why Mark Walter suddenly needed to sell the Lakers
The insurance-company leverage behind Walter’s sports empire
Why Jackson believes Walter still needs $12–15 billion
Could the Dodgers be the next domino to fall?
Walter’s unsuccessful attempt to borrow against his Lakers stake
The remarkable effort to cash out the Dodgers and Lakers’ TV deals early
Why a desperate seller still got a $12.5 billion Lakers valuation
The NBA’s strange insulation from an ownership financial crisis
Bob Iger’s role in the Lakers deal—and who’s actually supplying the money
Why sports-team prices may be outrunning individual billionaires
Jeanie Buss vs. the Buss family: Can she stop the sale?
Did Walter’s financial structure help the Dodgers dominate baseball?
Why America’s sports leagues are more “socialist” than European soccer
Why NBA salary-cap circumvention may be practically impossible to police
