#wolves majority owner ends the bid of Marc Lore and Alex Rodriguez to purchase a majority stake in the Timberwolves/Lynx. They had a deadline of March 27th to buy another 40% (they already own 40%) but they didn't meet the requirements in time and Taylor decided he wanted to keep the team in the midst of an historic season for the club. I'm sure more will be disclosed in the days ahead... #nba #sportsonleo
ARod is starting to whine already.
Yeah, they almost pulled off a financial coup. They were about to get a franchise worth $3B for half price. Taylor paved the way for them. They had 3 years to line it all up. Not his fault.
Yeah. ARod seems like a pain to deal with. He lost out on the NY Mets a few years ago.
I'm not scoffing at $350M net worth but....these owners are worth Billions, with a B. Not a few hundred million. He should be thrilled to own a chunk of the #wolves. I'm sure he could already parlay that into doubling his net worth if he wanted.
Too bad though. He has actually been fairly popular here in flyover country, and the move he and Lore made to get our GM from Denver has obviously paid big dividends so far. He engineered the Rudy Gobert deal and got Conley and NAW as well.
The value of these teams seems to keep going up. So it is a safe investment.