Alex Rodriguez Announces Increased Role with Timberwolves, Lynx After Sale
Summary
Alex Rodriguez will take a bigger role with the Minnesota Timberwolves and Lynx basketball teams after co-owner Marc Lore sold some of his shares. Marc and Elisa Stad will become the main owners, while Rodriguez will increase his investment and serve as Co-Chairman and Governor for the teams, pending approval from the basketball league.Key Facts
- Marc Lore sold shares of the Timberwolves and Lynx to Marc and Elisa Stad, who will become controlling owners.
- The sale deal was worth $4.5 billion.
- Alex Rodriguez is increasing his ownership stake in both teams.
- Rodriguez will become Co-Chairman and Governor of the Lynx, and alternate Governor of the Timberwolves, after league approval.
- Marc Lore will stay on as a minority investor and remain involved in the partnership.
- Rodriguez and Lore took full control of both teams last year for $1.5 billion.
- The new ownership group wants to focus on winning championships and improving the teams on and off the court.
- They plan to continue working with the current team management and appreciate fan support.
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