You may see former MLB star Alex Rodriguez courtside as the Minnesota Timberwolves continue to make their NBA playoff run, and wonder: wait, does he actually own the franchise?
We have an answer of sorts: it’s complicated.
Back in March, we wrote all about how A-Rod and his business partner, Marc Lore were getting to a point where they could be majority owners of the T-Wolves and Lynx. But then current owner Glen Taylor took the team off the market, saying it wasn’t for sale.
What happened? Well, Taylor said that the franchise might be worth more than he had initially agreed to sell it for. And the agreement between the parties was pretty much all set … but in principle.
Plus Rodriguez and Lore didn’t make a final payment for the team, which complicated everything.
The relationship between Taylor and his successors – Lore and Rodriguez – disintegrated over the past two-plus years, sources tell ESPN. Lore/Rodriguez did raise money necessary to purchase controlling interest, but Taylor contends that they didn’t meet contractual deadlines…
— Adrian Wojnarowski (@wojespn) March 28, 2024
The answer here is that there likely will be legal battle ahead. Stay tuned.
