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Dodgers: Hidden deals between billionaire Walter and Magic Johnson?

From Diario Libre · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • A report alleged that Dodgers owner Mark Walter made undisclosed agreements with partner Earvin "Magic" Johnson after the franchise was bought.
  • The alleged arrangements involved Walter's 2015 sale of insurer EquiTrust to Johnson for $350 million.
  • Sources cited by the report said the transaction compensated Johnson for helping Walter's group win the Dodgers bidding process in 2012.

Los Angeles Dodgers owner Mark Walter has become the focus of a new controversy after a report alleged that he made hidden agreements with his partner, Earvin "Magic" Johnson, after buying the Major League Baseball franchise.

The allegation appeared Friday on the program Pablo Torre Finds Out. It concerned the 2015 sale of insurer EquiTrust to Johnson for $350 million, a deal that helped turn the former Lakers star into a billionaire.

Sources cited by Torre said the transaction amounted to compensation for Johnson's assistance to the group led by Walter in its 2012 bid for the Dodgers. Johnson used his popularity and influence to support the offer, which ultimately won the historic Los Angeles franchise.

About this summary

Originally published by Diario Libre in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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