AI Generated Image
Silver Screen and Roll
Silver Screen and Roll • • business
Key Points:
- Walter has been seeking to raise cash for several months and attempted to negotiate with Charter Communications to exit the Lakers’ and Dodgers’ local TV deals early for a lump sum payment, but those talks failed.
- Charter Communications hired the Raine Group late last year to sell Spectrum SportsNet, the regional sports network broadcasting Lakers games, though the impact of Kushner and Iger’s team purchase on this sale is uncertain.
- To further address liquidity issues, Walter has reportedly offered his stake in Premier League club Chelsea for sale, according to a Wall Street Journal investigation.
- A representative for Walter’s TWG Global has not responded to requests for comment on these developments.
