{"id":414236,"date":"2022-12-30T18:53:56","date_gmt":"2022-12-30T18:53:56","guid":{"rendered":"https:\/\/yebscore.com\/news\/?p=414236"},"modified":"2022-12-30T18:53:56","modified_gmt":"2022-12-30T18:53:56","slug":"alex-rodriguez-aka-a-rod-and-marc-lore-acquire-ownership-in-minnesota-timberwolves","status":"publish","type":"post","link":"https:\/\/yebscore.com\/news\/alex-rodriguez-aka-a-rod-and-marc-lore-acquire-ownership-in-minnesota-timberwolves\/","title":{"rendered":"Alex Rodriguez aka A-Rod and Marc Lore Acquire Ownership in Minnesota Timberwolves"},"content":{"rendered":"<p>According to The Athletic, Alex Rodriguez and partner Marc Lore have exercised their option to buy an additional 20% of the Minnesota Timberwolves and Minnesota Lynx. As terms of their initial 2021 deal to purchase the team in three installments, the duo has until the end of the day on Saturday to notify majority owner Glen Taylor that they have exercised the option.<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/NuxBVz14Jus\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>According to reports, they must complete the second 20 percent by March 15 in order to possess 40% of the team. Lore and Rodriguez have until midnight on December 31, 2023, to decide whether to exercise their option to purchase an additional 40% of the club, which would be the next phase in the process.<\/p>\n<p><strong>ALSO READ: <a title=\"Here\u2019s Two Things That Proves NBA Favors Michael Jordan Over LeBron James in the GOAT Debate\" href=\"https:\/\/yebscore.com\/news\/heres-two-things-that-proves-nba-favors-michael-jordan-over-lebron-james-in-the-goat-debate\/\" rel=\"bookmark\">Here\u2019s Two Things That Prove NBA Favors Michael Jordan Over LeBron James in the GOAT Debate<\/a><\/strong><\/p>\n<h2>Alex Rodriguez enters into NBA ownership<\/h2>\n<p>Since becoming part of the ownership group, Alex Rodriguez and his partner Marc Lore have played a significant role in the Timberwolves and Lynx. They assisted in bringing in President of Basketball Operations Tim Connelly last summer and played a key role in the extension of Cheryl Reeve&#8217;s contract as head coach and president of the Lynx.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Alex Rodriguez and Marc Lore have exercised their option to purchase the next 20 percent stake of the Timberwolves and Lynx franchises, per <a href=\"https:\/\/twitter.com\/ShamsCharania?ref_src=twsrc%5Etfw\">@ShamsCharania<\/a> and <a href=\"https:\/\/twitter.com\/JonKrawczynski?ref_src=twsrc%5Etfw\">@JonKrawczynski<\/a><\/p>\n<p>This would bring the duo to 40 percent ownership <a href=\"https:\/\/t.co\/Aj2ESN2qPr\">pic.twitter.com\/Aj2ESN2qPr<\/a><\/p>\n<p>&mdash; Bleacher Report (@BleacherReport) <a href=\"https:\/\/twitter.com\/BleacherReport\/status\/1608617044114837504?ref_src=twsrc%5Etfw\">December 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In order to prepare for eventual control of the team, Rodriguez and Lore have assumed significant positions inside the company, particularly for minority owners. They facilitated the removal of Tim Connelly, President of Basketball Operations, from the Denver Nuggets and participated in contract negotiations with Cheryl Reeve, President, and Coach of the Lynx.<\/p>\n<p><strong>More NBA news:\u00a0<\/strong><\/p>\n<ul>\n<li>\n<p class=\"entry-title\"><a title=\"\u201cUntil My F***ing Bones Pop Out\u201d: NBA Star Patrick Beverley Re-Ignites His Rivalry With Suns Star Chris Paul\" href=\"https:\/\/yebscore.com\/news\/until-my-fing-bones-pop-out-nba-star-patrick-beverley-re-ignites-his-rivalry-with-suns-star-chris-paul\/\" rel=\"bookmark\">\u201cUntil My F***ing Bones Pop Out\u201d: NBA Star Patrick Beverley Re-Ignites His Rivalry With Suns Star Chris Paul<\/a><\/p>\n<\/li>\n<li>\n<p class=\"entry-title\"><a title=\"\u201cWhy Do I Give a F**k?\u201d: Former NBA Star Gilbert Arenas Launches Scathing Attack on Shaquille O\u2019Neal Over Kobe Bryant Feud\" href=\"https:\/\/yebscore.com\/news\/why-do-i-give-a-fk-former-nba-star-gilbert-arenas-launches-scathing-attack-on-shaquille-oneal-over-kobe-bryant-feud\/\" rel=\"bookmark\">\u201cWhy Do I Give a F**k?\u201d: Former NBA Star Gilbert Arenas Launches Scathing Attack on Shaquille O\u2019Neal Over Kobe Bryant Feud<\/a><\/p>\n<\/li>\n<li>\n<p class=\"entry-title\"><a title=\"\u201cSpirit Will Live Forever\u201d: Jaylen Brown Leads NBA Stars as Tributes Pour In For Soccer Legend Pele After Sad News of His Passing\" href=\"https:\/\/yebscore.com\/news\/spirit-will-live-forever-jaylen-brown-leads-nba-stars-as-tributes-pour-in-for-soccer-legend-pele-after-sad-news-of-his-passing\/\" rel=\"bookmark\">\u201cSpirit Will Live Forever\u201d: Jaylen Brown Leads NBA Stars as Tributes Pour In For Soccer Legend Pele After Sad News of His Passing<\/a><\/p>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/yebscore.com\/news\/nba\/\"><strong><em>Follow our NBA page for more key NBA updates and news<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to The Athletic, Alex Rodriguez and partner Marc Lore have exercised their option to buy an additional 20% of the Minnesota Timberwolves and Minnesota Lynx. As terms of their initial 2021 deal to purchase the team in three installments, the duo has until the end of the day on Saturday to notify majority owner [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":409644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,54,51],"tags":[3354,4351],"class_list":["post-414236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-minnesota-timberwolves","category-mlb","category-nba","tag-alex-rodriguez","tag-marc-lore"],"acf":[],"_links":{"self":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/414236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/comments?post=414236"}],"version-history":[{"count":0,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/414236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media\/409644"}],"wp:attachment":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media?parent=414236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/categories?post=414236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/tags?post=414236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}