LINDSEY REISER:
00:01:22
Why may this have prompted him to sell the team? So this investigation is ongoing. But what's clear is there are assets that need to be moved around. The Lakers offer a chance to cash in pretty quickly on one of bigger stakes that he has in a sports franchise. It's a team that he helped purchase. He has a majority stake in it. And it's $12.5 billion. And so that's-- 14 months ago, that was valued at $10 billion, when he went into this purchase. And so, that's a pretty quick turnaround for a large amount of money.
LINDSEY REISER:
00:02:02
There are talks that he could sell his stake in Chelsea FC as well. Do we have any information on how realistic that would be? Those are talks that are going on right now. He has a 12% stake in that team. And that would be another way for a quick access to cash that we're seeing in these regulatory filings, that he's clearly trying to move money around to address some of the issues that are part of this investigation.
LINDSEY REISER:
00:02:29
What have been the overall reactions to this in the sports world? I think that the Lakers sale is one of the examples where it took everyone by surprise. And that doesn't happen that often, where you need a certain number of people in the room to make these deals happen. And so, oftentimes, these things-- at least some of the details get leaked out. So I think a lot of people were kind of caught off-guard with the sale of this team.
LINDSEY REISER:
00:02:56
Melody Gutierrez, thanks for joining.
