Business

Concerns Over Sports Ownership and AI Risks

Updated 2026-08-31 10:25 UTC 2 sources Neutral

The sale of the LA Lakers amid allegations of financial crimes has raised concerns about ownership in professional sports. Meanwhile, Bank of England Governor Andrew Bailey warns that new AI models could threaten global financial stability.

Coverage timeline — 2 articles
The Hill
Billionaire Mark Walter’s purchase of the Los Angeles Lakers and his subsequent forced sale of the team less than a year later amid allegations of financial crimes at his companies are sparking fresh concern about who owns the biggest brands in pro sports.  It is also highlighting how clubs are bein
2026-08-31 10:00 UTC
CNBC
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
2026-08-31 10:18 UTC
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