PTTP #15 - Mark Walter Investigation Analysis; Honoring Dolly Parton+Bill Rasmussen; Jed York Arrest

Legal economist Andrew Granato joins the pod to cover what is known and what is still unclear about the ongoing investigation of Mark Walter and his companies. He details the disclosure requirements for affiliated investments, which is at the crux of the inquiry. Jake and Andrew also theorize what penalties Walter might face and what arguments he could make as a defense. They then discuss how this may impact Walter's sports business holdings. They also point to an abandoned 2014 lawsuit filed against Walter which contained claims that appear to run parallel to what Walter is currently being accused of. Jake and Andrew also call for more stringent federal and state disclosure regulations. They also argue sports leagues need to revamp their vetting procedures when approving new franchise owners. Additionally, Andrew spotlights the additional burden that falls upon insurance policyholders and taxpayers when insurers engage in more risky private equity investments. In Jake's Takes, remembering the life and legacy of ESPN co-founder Bill Rasmussen. Also, with the Atlanta Falcons turning to a private equity investment from Arctos and the Minnesota Timberwolves and Minnesota Lynx getting a new controlling owner in Marc Stad, what this frantic selling of teams says about how sports franchises are increasingly being viewed as assets. Additionally, how San Francisco 49ers owner Jed York's arrest has even further eroded the reputation of the team in what has arguably been the most tumultuous offseason in the history of the franchise. Then, how important Max Verstappen's extension with Red Bull is for both his team and Formula 1 as a whole. Lastly, a tribute to the late great Queen of Country Dolly Parton. Andrew Granato is a legal economist and an Assistant Professor at the University of Texas School of Law. He holds a J.D. from Yale Law School, a Ph.D. in Financial Economics from the Yale School of Management, and a B.A. in Economics from Stanford. He also previously served as a Senior Associate Economist at the Federal Reserve Bank of Chicago. You can follow him on Twitter / X https://x.com/agranato42. Sports / SportsBiz / MediaBiz / Entertainment / All Else We're all striving for some kind of podium. What's yours? Follow on Twitter / X: https://x.com/JakeAKline, https://x.com/PathwayToThePod Follow on YouTube:    / @pathwaytothepodiumpod   Follow on Instagram:   / pathwaytothepodium   Follow on TikTok:   / pathwaytothepodium   Please send inquiries to: mailto:pathwaytothepodium@gmail.com