TWG Global denies Lakers fire sale amid federal investigation

TWG Global issued a statement on August 25, 2026, denying rumors of a 'fire sale' involving the Los Angeles Lakers. The denial comes amid ongoing investigations by the U.S. Securities and Exchange Commission and federal prosecutors related to TWG's business dealings. In the statement, the company dismisses claims of fraud and emphasizes its commitment to stakeholders. Recent reports detail financial maneuvers connected to LeBron James and previous business practices that led to scrutiny. No actions have been taken against the Lakers in the current investigations.

• 4:27 PMYahoo Sports — Mark Walter-owned TWG Global releases statement denying reports of 'fire sale' of Lakers aimed at raising money amid federal investigation