This is my initial read.
This morning has only raised my suspicion that something damming about Walter is going to be revealed.
On September 18th of last year, FBI issued a search warrant and seized Walter’s laptop and phone.
The NBA approved of Walter’s purchase on October 30th.
Last month, the SEC were examining 16 billion in loans from insurance companies Walter owned when the insurers only reported about 1 billion in investments.
And now fast forward to today, he’s selling the franchise at a 12 billion valuation within a year of assuming control.
What makes me more uncomfortable is that Walter likely knew of the FBI search prior to the NBA approving his purchase.
And now we have to question what Walter disclosed to the league, and possibly if the NBA privately encouraged him to sell before something comes out.
Remember, authorities are trying to determine if insurers controlled by Walter failed to disclose billions of dollars worth of transactions and that this financing was what helped fund Walter’s investments, including his stake in the Lakers.
This reads like someone trying to cash out before his financial situation becomes complicated.
This is far too suspicious and doesn’t pass the smell test for me. The walls are closing in, and it could get ugly.