Sources: A-Rod, Lore get new backing for Wolves
ESPN News Services Mar 20, 2024, 10:24 PM ET One day after Alex Rodriguez and Marc Lore's bid to acquire majority control of the Minnesota Timberwolves and Lynx lost the $300 million investment of a private equity firm, the pair found a new financial backer and filed paperwork with the NBA to complete the deal, sources told ESPN on Wednesday, confirming a report by The Athletic. Rodriguez and Lore's original backer, the Carlyle Group, did not come to an agreement regarding requirements for those investing in the NBA, so the sides agreed to part ways, sources confirmed. The NBA previously...
Read more at ESPN.com