In their quest for majority ownership of the Minnesota Timberwolves and Minnesota Lynx, former All-Star infielder Alex Rodriguez and his business partner Marc Lore have reportedly secured financial backing to complete the transaction.
Dyal Capital Partners has joined as a pre-approved investor in the Lore-Rodriguez group, giving them the financial means to close the sale from current owner Glen Taylor, The Athletic’s Shams Charania reported Wednesday.
Taylor, who has owned Timberwolves since 1994 and the Lynx since ’99, stated Tuesday that the Carlyle Group—a Washington D.C.-based private equity firm—backed out of its agreement to help fund Rodriguez and Lore’s bid.
