After Lakers Move, Dodgers Owner Goes Into Damage Control, Says No “Fire Sale” Is Happening

Less than a month ago, Mark Walter was the undisputed king of Los Angeles sports as owner of the NBA’s marquee franchise Lakers and the MLB’s Dodgers, the reigning World Series champs. Now the billionaire’s holding company, TWG Global, is moving into damage control mode amid claims of insurance fraud in his empire. The shocking sale of the Lakers to a group led by investor Jared Kushner and Disney mogul Bob Iger on Aug. 12 only threw fuel on the fire of what had been reported to be government scrutiny stemming from deals made by his asset-management giant Guggenheim Investments over the years. On Wednesday, Walter’s company issued a series…