It’s official: Alex Rodriguez and entrepreneur Marc Lore are the new part owners of the Minnesota Timberwolves and WNBA’s Minnesota Lynx.
The NBA’s Board of Governors approved the sale of the first 20 percent of the teams to the baseball great and the investor Lore. The pair will be controlling owners in two years.
“Today is a historic day for my family and me,” Rodriguez posted to Twitter. “After growing up witnessing my mother work two jobs, I never dreamed this would be possible.”
Today is a historic day for my family and me. After growing up witnessing my mother work two jobs, I never dreamed this would be possible. pic.twitter.com/A54n3icHQm
— Alex Rodriguez (@AROD) July 21, 2021
Current owner Glen Taylor agreed to sell the franchises to Rodriguez and Lore for $1.5 billion.
“We are honored to officially join Glen Taylor and the ownership group,” the pair said in a statement. “In this next chapter, we look forward to working with the organization, getting to know the players and devoted fans, and actively engaging the community.”
Looking forward to working with Glen & Becky Taylor and getting to know the players, fans, and community as we kick off this exciting chapter of Minnesota basketball. pic.twitter.com/qaXTXLmNcc
— Marc Lore (@MarcLore) July 21, 2021
Lore, a billionaire New York native, stepped down as the CEO of Walmart’s ecommerce arm in January. He created Jet.com (sold to Walmart for $3.3 billion) and Diapers.com (sold to Amazon for $550 million), among other business ventures.
Rodriguez, who turns 46 next week, was a 14-time All-Star and three-time MVP during his 22 seasons with the Seattle Mariners, Texas Rangers and New York Yankees. He ranks fourth all-time in home runs (696) and RBIs (2,086).
“We are pleased to officially welcome Marc Lore and Alex Rodriguez to the Minnesota Timberwolves and Lynx family,” Taylor said. “Together with Marc and Alex, we take another step forward in building a world-class organization both on and off the court.”
–Field Level Media
–Field Level Media
More in Sports
The Seattle Mariners went out and replaced the back end of their bullpen by...
Class of 2022 four-star center Kyle Filipowski committed to Duke on Thursday, becoming the...
Southeastern Conference presidents and chancellors unanimously voted Thursday to extend invitations to Texas and...
After losing to the Tampa Bay Lightning in the Stanley Cup Final the past...
Atlanta United will attempt to translate their newfound offensive mindset into three points when...
Brad Keselowski officially joined the Roush Fenway Racing ownership team on Tuesday. The move...
Heroic fired head coach Nicolai “HUNDEN” Peterson on Thursday, citing a “clear breach” of...
Ryan Benoit vs. Zarrukh Adashev
Austrian Sepp Straka carded an 8-under 63 on Thursday to secure the first-round lead...
Switzerland’s Belinda Bencic and the Czech Republic’s Marketa Vondrousova will battle for the singles...