Alex ‘A-Rod’ Rodriguez became a sporting genius during his playing tenure in baseball. Post-retirement from the baseball diamond, he carried on with his intellect to the basketball court. However, that wasn’t as a player, but rather as a franchise owner. In 2021, ‘A-Rod’ joined the ownership group of the NBA team, Minnesota Timberwolves. 

‘A-Rod’ became one of the richest MLB players after spending over two decades in the ballpark. Since he quickly turned into a marquee player with his stellar performances, he signed lucrative contracts with MLB franchises. In 2004, he joined the utmost elite franchise of all, the New York Yankees. From that point onwards, Rodriguez’s market value went soaring high, thus transforming him into baseball royalty. 

When ‘A-Rod’ bought shares in the Timberwolves, his partner and joint stakeholder was e-commerce mogul Marc Lore. The co-founder of Jet.com, Lore was also the CEO of e-commerce for Walmart. ‘A-Rod’ and Lore agreed to $1.5 billion to purchase the Timberwolves alongside the WNBA team, Minnesota Lynx. 

The commonalities between Alex Rodriguez and Marc Lore 

Alex ‘A-Rod’ Rodriguez and Marc Lore began with a 20% stake in the Timberwolves in 2021. But that could go up to 40% in 2022 and eventually 80% in 2023, making them the majority owners. In such a case, they would take over the major shares from Glen Taylor. Since 1994, Taylor has remained the primary owner of the Timberwolves, otherwise. 

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Rodriguez and Lore have both had similar upbringings and journeys toward building their empires. They both came from humble beginnings. Rodriguez mostly grew up with his single mother, who worked two jobs in a day, running the family on meager earnings. While Lore’s father worked as a door-to-door salesman and his mother was a fitness instructor. 

Read More – Minnesota Timberwolves Owner Alex Rodriguez Shares a Touching Moment With 84-Year-Old NBA Legend Amid Gruelling Season

Speaking about his similarities with Rodriguez during an interview in 2021, Lore said, “We realized we both had two daughters, we both grew up in a similar way, similar kind of dads. We kind of got into it quickly, and just sort of connected on a values front. He came at it from sports, I came at it from business.” 

Alex Rodriguez’s career as an MLB player 

‘A-Rod’ began playing MLB for the Seattle Mariners, and later also played for the Texas Rangers and the Yankees. He made 14 All-Star appearances as a player. ‘A-Rod’ also won the World Series in 2009 with the Yankees. 

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