Mark Walter, chief of Guggenheim, was involved in discussions with Apollo regarding a potential loan. The loan was intended to be backed by a stake in the Los Angeles Lakers basketball team. Negotiations continued until Walter finalized an agreement to sell his holding in the team.
Original Source: https://www.ft.com/content/59c06284-d1fd-4223-8e70-e68956b219da?syn-25a6b1a6=1