The Pro Sports Liquidity Escape Hatch

Newsletter Odd Lots Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Joe Weisenthal and Tracy Alloway August 25, 2026 at 3:31 PM UTC This article is for subscribers only . Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Today we’re pleased to bring you a guest contribution from Pranjal Drall and Andrew Granato, legal scholars who write about private equity, private credit, and life insurance . (We spoke with them in July about private credit’s ongoing transformation of the insurance industry.) In today’s post, they look at Mark Walter’s insurance repayment problem and why he sold the Lakers.