An insurance company affiliated with Los Angeles Dodgers owner Mark Walter’s Guggenheim Partners loaned $350 million to a Walter-controlled LLC that owned SportsNet Los Angeles in 2014, one of several instances of apparent self-dealing detailed in an episode of the Pablo Torre Finds Out podcast.
The podcast reported that several figures involved in the purchase of the Dodgers – including basketball legend and minority Dodgers owner Magic Johnson – and the engineering of their massive cable rights deal later landed influential and potentially lucrative positions at Guggenheim or with its affiliated holdings.
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