Alex Rodriguez and Marc Lore regain financial backing for their bid to acquire Minnesota Timberwolves and Lynx NBA teams, with new funding from Dyal Capital Partners.
Former baseball star Alex Rodriguez and business partner Marc Lore have regained backing for their bid to acquire majority control of the Minnesota Timberwolves and Lynx NBA teams after losing financial support from the Carlyle Group. The pair filed paperwork to complete the deal, which will involve new funding from Dyal Capital Partners. The NBA still needs to approve the new ownership group before they can fully assume control of the franchises.
March 20, 2024
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