Michael Bloomberg Joins A-Rod and Lore in Timberwolves Ownership Bid
TL;DR
Michael Bloomberg has agreed to join Marc Lore and Alex Rodriguez's ownership group for the Minnesota Timberwolves, bringing significant financial backing to their bid for majority control. The group, which currently owns nearly 40% of the Timberwolves and WNBA's Lynx, is in arbitration with current owner Glen Taylor over a disputed $600 million transaction. Bloomberg's involvement could expedite their acquisition process, pending NBA approval.
Topics:sportssports-business#alex-rodriguez#marc-lore#michael-bloomberg#minnesota-timberwolves#nba-ownership#sports-business
- Sources: Michael Bloomberg agrees to join Marc Lore-Alex Rodriguez ownership group The New York Times
- Mike Bloomberg has joined A-Rod and Marc Lore's bid to buy the Timberwolves, per a report Axios
- Bloomberg To Join Wolves' Ownership Group Led By Lore, A-Rod hoopsrumors.com
- NBA Rumors: Michael Bloomberg Joins Alex Rodriguez Group to Buy T-Wolves, Lynx Bleacher Report
- Michael Bloomberg reaches agreement to join Timberwolves ownership group, per report CBS Sports
Want the full story? Read the original reporting
Read on The New York Times