There was a big splash in baseball legend era Alex Rodriguez partnered with tech billionaire Mark Roar, the pair struck a deal It took several years to acquire the Minnesota Timberwolves. The duo are already changing Timberwolves culture. Called for Tim Connery’s new team presidentand wanted A big splash and the result is Rudy Gobert trade.
But Rodriguez and Lore may not be in the 50/50 partnership they originally announced. Josh Kosman reports in the New York Post.Rodriguez’s very public split from Jennifer Lopez hasn’t helped matters, according to reports.
But A-Rod at the time couldn’t come up with his full share. [of the first ownership payment]leaving Lore to cover the balance, said three sources close to the situation. I only got %…
Currently, the terms of the contract require A-Rod and Lore to make the next 20% payment by the end of the year, and A-Rod is rushing to raise half, in addition to the cash required for the down payment. three sources confirmed.
“I wouldn’t be surprised if A-Rod becomes Lore’s second docile presence,” said one source, predicting that Lore may end up buying more than half and dominating the team. Did.
When asked to comment on this, Roa said he and A-Rod are still partners and make all decisions about the team together. Under current NBA rules, Rodriguez must pay 15% of the team, or about $200 million, to become an owner. The Post’s article also touches on how Rodriguez doesn’t have J-Lo’s presence to help lure investors.
Lore has the money to buy the team outright for a reported $1.5 billion price tag, but he doesn’t seem to be looking to kick A-Rod out. Longtime team owner Glenn Taylor is reportedly okay with Roa and Rodriguez’s deal falling through.
None of these should affect the Timberwolves on the court. Anthony EdwardsMinnesota will be a lot more fun to watch on the court this season.
And maybe it’s off too.
