Alex Rodriguez's Group Closing Deal to Buy Minnesota Timberwolves & Lynx for $1.5 BIL
Timberwolves & Lynx A-Rod's Ownership Group Closing Deal to Buy Teams ... $1.5 BILLION!
Published
Alex Rodriguez is finally getting into the owner's box ... he's in the final steps of closing a deal to buy the Minnesota Timberwolves and Lynx for $1.5 BILLION!!
A-Rod had partnered up with former Walmart exec Marc Lore to make a run at the NBA and WNBA teams, both owned by billionaire Glen Taylor.
And, according to multiple outlets including The Athletic and Front Office Sports, the group has a deal in place to close for $1.5 billion.
There are still a few hurdles ... but nothing major.
Before it can formally close, A-Rod and M-Lore need to get approval from the other NBA owners ... but that shouldn't be a problem.
Per the terms of the deal, Lore will continue to operate the team through the 2023 season, according to F.O.S. ... and after that, it's A-Rod time!
The ex-MLB superstar made a serious run to buy the NY Mets with his then-fiancee Jennifer Lopez, but they were ultimately outbid by billionaire Steven Cohen.
By the way, Glen Taylor reportedly bought the T-Wolves in 1994 for $94 million -- and added the Lynx in 1999. Talk about turning a profit!!
