Former New York City Mayor Michael Bloomberg becomes part of Lore/Rodriguez group in purchasing the Minnesota Timberwolves.
Michael Bloomberg, the 12th richest person in the world with over $106 billion, has agreed to join the ownership group of Marc Lore and Alex Rodriguez in their bid to take majority control of the Minnesota Timberwolves. Lore and Rodriguez currently hold 40 percent of the Timberwolves and are locked in a legal dispute with…
