The quest to acquire the Minnesota Timberwolves and Lynx has garnered significant attention, with former Major League Baseball player Alex Rodriguez and businessman Marc Lore spearheading the effort. A new character has now entered the picture. Michael Bloomberg, the former mayor of New York City, has entered the race to become the owner of the Timberwolves.
Shams Charania of The Athletic broke the news, stating, “Former NYC Mayor Michael Bloomberg — one of the richest people in the world — has agreed to join the Marc Lore and Alex Rodriguez ownership group to buy the Minnesota Timberwolves/Lynx, sources tell me.” A-Rod and Marc Lore seem to be doing their best to not let go of the team, they are now being joined by Bloomberg, whose net worth is a whopping $106 billion. With A-Rod, Lore, and Bloomberg on board, the tide might be shifting for Anthony Edwards and Karl-Anthony Towns.
A-Rod and Marc Lore are presently involved in a lengthy lawsuit with Glen Taylor, the team’s owner. The Marc Lore, Alex Rodriguez, and Minnesota Timberwolves acquisition deal was supposed to close back in March. Rodriguez and Lore were expected to obtain a 40% minority ownership position in the team as a result of this agreement. However, in March, Glen Taylor announced on the team’s website that he was ending the agreement, citing Rodriguez and Lore’s inability to meet the deadlines.
This is a developing story…
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