Michael Bloomberg joins Alex Rodriguez and Marc Lore's group to purchase Minnesota Timberwolves, aiming to buy out majority owner Glen Taylor's stake for $600 million.
Former New York City mayor Michael Bloomberg has agreed to join Alex Rodriguez and Marc Lore's group in their attempt to purchase the Minnesota Timberwolves. This comes as the group, which already owns a 40% stake in the team, attempts to buy out majority owner Glen Taylor's remaining 60% stake for around $600 million. Bloomberg's addition to the group is a significant development, as it helps address claims that the group does not have the funds to complete the purchase.
June 06, 2024
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