Photo: Minnesota Timberwolves Former New York City Mayor Michael Bloomberg, one of the wealthiest individuals globally, has agreed to join Marc Lore and Alex Rodriguez’s ownership group to purchase the Minnesota Timberwolves/Lynx, as reported by NBA insider Shams Charania. Former NYC Mayor Michael Bloomberg — one of the richest people in the world — has…
Former baseball star Alex Rodriguez and entrepreneur Marc Lore have responded to Glen Taylor’s statement regarding the sale of the Minnesota Timberwolves and Minnesota Lynx. A spokesperson on behalf of Lore and Rodriguez expressed disappointment with Taylor’s public statement, asserting that they have fulfilled their obligations and have all necessary funding to complete the purchase….
Marc Lore and Alex Rodriguez are poised to finalize their acquisition of the Minnesota Timberwolves after securing financing from Dyal Capital Partners. The inclusion of Dyal Capital Partners as a pre-approved investor in their consortium provides the required financial support for Lore and Rodriguez to proceed with the purchase. With the completion of signed financial…
In a significant development reported by NBA insider Adrian Wojnarowski, Marc Lore and Alex Rodriguez are poised to exercise their option to acquire a controlling ownership interest in the Minnesota Timberwolves and Lynx from current owner Glen Taylor, with the deadline for this transaction set for December 31. The potential acquisition would formalize the duo’s…
