Lakers Go to TWG Global

Mark Walter is reported to be the new majority owner for the Los Angeles Lakers.  Walter is CEO of multiple billion dollar entities, TWG Global and Guggenheim.  

Walter's TWG owns stakes in a number of professional sports franchises.

It's not clear if Walter is using any United Arab Emirates money to take the majority stake.  Not long ago they did a "you fund my junk and I'll fund yours" deal.  

TWG is not the first to partner with Mubadala.  The Carlyle Group, a politically connected private equity underwriter (PEU), did so in 2007 and again in December 2024.Lakers fans should know 

Mark Walter's TWG is big into Artificial Intelligence and already partners with Palantir, the firm building digital dossiers on U.S. citizens.

They recently added Elon Musk's xAI to the mix.  Musk is fresh off scraping lots of U.S. government data into his xAI machines.

There are enough millionaires in the Los Angeles area to sell out The Forum.  The question is how many regular people will be afforded the chance to attend a game.  Does the price of admission also include having your phone scraped by TWG's AI?

I have an idea for a promotion:  Lost your job to TWG's AI?  That gets you included into a drawing for a free ticket to the Lakers vs. Kings.  That's the least billionaire TechGods and PEU Lords can do for the little people they plan to supplant.