Pablo Torre exposes Dodgers owner Mark Walter’s shady billionaire ‘gift’ to Magic Johnson after Clippers victory lap

After Pablo Torre played a pivotal role in exposing the Los Angeles Clippers and their salary cap circumvention investigation, he exposed a “gift” given to billionaire Magic Johnson by fellow Dodgers owner Mark Walter.

During the Friday, Sep. 4, 2026, edition of Pablo Torre Finds Out, he discovered how Johnson assisted Walter in purchasing the Dodgers. In turn, Walter helped the NBA legend become a billionaire.

Walter sold EquiTrust to Johnson. At the time, EquiTrust was also loaning $350 million to Walter’s media company, which he used to pay the Dodgers an average of $334 million a year through the local TV deal that he essentially struck with himself.

INVESTIGATION: Before Mark Walter sold the Lakers, he bought the Dodgers. Then came $350M via Magic Johnson — and hidden deals with each other.

"Magic Johnson helped him out with the Dodgers deal," insider reveals. "They're trying to…put him on the map of being a billionaire." pic.twitter.com/tlweIjiCHK

— Pablo Torre Finds Out (@pablofindsout) September 4, 2026

This helped put Johnson over the hump to reach billionaire status. Torre spoke to one of the compliance attorneys at Walter’s company, Guggenheim Partners. The source stated that they weren’t asked to do a KYC of Johnson or the deal for EquiTrust.

Their job was to “clear any kind of contact or transaction,” though they stated that there “probably should have been” a KYC of Johnson.

As to why Walter sold EquiTrust to Johnson, the source speculated that it was to repay the NBA legend for assisting him in the Dodgers deal.

“They’re trying to help out a friend,” said the source. “[They’re trying to] give him a level of wealth that maybe he didn’t have before. EquiTrust put him on the map of being a billionaire. It was a massive increase for him.”

Ultimately, this is why it pays to have friends in positions like Walter. Walter owns over a quarter of the Dodgers, purchasing his stake in 2012. He also acquired part of one of Los Angeles’ NBA teams, the Lakers, before selling his controlling interest to Bob Iger and Joshua Kushner.

Walter has been under investigation by federal prosecutors for about $16 billion in potential financial improprieties and tax fraud. However, he remains the Dodgers owner and chairman.

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