It seems Alex Rodriguez is on the verge of becoming co-owner of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx. The current owner, Glen Taylor, had been looking for a buyer and apparently has one. Rodriguez is in partnership with billionaire Marc Lore. Until recently Lore was President and CEO of WalMart’s US e-commerce. The deal is reported to be for approximately $1,500,000,000. Taylor bought the franchise in 1994 for $88,000,000, so that’s a pretty good return on investment, eh? Taylor is also credited with saving the Timberwolves from moving in 1994 and reportedly wants to see them stay in place. Rumor mills are already churning though. Some have noted that Rodriguez once played baseball in Seattle, that Seattle very much wants the NBA to return to Seattle, and have put 2 and 2 together to get 22. Should the deal be finalized and approved, A-Rod and Lore would take over in 2023. After that, where the Timberwolves and Lynx play will undoubtedly be totally based on where they decide the most money is.
UnderTaylor’s ownership, the Timberwolves have won 0 NBA championships, haven’t really come close, but the Lynx have won 4 WNBA crowns in the last 10 years.
Note: Alex Rodriguez’ personal net worth is reported to be approximately $350,000,000.