Lakers sale enables asset reallocation for team’s financing

The sale of the Lakers facilitates the reallocation of assets pledged by Walter to fund the team's purchase last year, according to The Wall Street Journal. The move may expedite insurance remediation efforts, although it was not part of the original plan to meet regulatory compliance. The group involved is actively exploring additional fundraising avenues.

• 11:34 PMYahoo Sports — Selling the Lakers freed up other assets and …