Rodriguez and Marc Lore, an e-commerce billionaire, have a pathway to controlling ownership of the professional Minnesota basketball teams in two years.
Alex Rodriguez, the former Yankees star, and Marc Lore, an e-commerce billionaire, officially joined the ownership group of the N.B.A.’s Minnesota Timberwolves and the W.N.B.A.’s Minnesota Lynx on Wednesday, after their purchase of a limited stake in the teams was approved by the N.B.A.’s Board of Governors.
For now, the teams will still be controlled by their longtime owner, Glen Taylor, but it is expected that in 2023 Rodriguez and Lore will be the controlling owners. In April, a spokesperson for the Timberwolves said the purchase agreement “will initially
→ Continue reading at The New York Times Sports