Alex ‘A-Rod’ Rodriguez Becomes a Part-Owner in MMA Company After a Significant Investment; How Much Is His Net Worth Now?
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MIAMI, FLORIDA – FEBRUARY 02: Former baseball player Alex Rodriguez looks on before Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. (Photo by Ronald Martinez/Getty Images)
Alex ‘A-Rod’ Rodriguez does not need any introduction. Arguably, an MLB legend, A-Rod has been doing some good business in the sporting industry. In today’s times, the sporting industry has become a gold mine, especially American sports. Everybody wants to be a part of it, given its ultimate growth.
And when it comes down to doing some smart business, Alex Rodriguez is in a league of his own. First, he became a part-owner of the NBA franchise, the Minnesota Timberwolves, and now he has invested a sizeable amount in the MMA company, PFL (Professional Fighters League).
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In normal cases, when professional athlete takes retirement, they usually prefer some fun and spend quality time with their friends and families. However, that is not the case for the New York Yankees legend. A-Rod is a different breed. Because his post-retirement career is no less successful than his baseball career.
Will this new investment affect the net worth of Alex ‘A-Rod’ Rodriguez?
With a net worth of over $350 million, Alex Rodriguez is one of the most valuable sports personalities in the world. Per CNBC, the longtime Yankees is now a part-owner of the Professional Fighters League. A-Rod has contributed a significant amount to the $30 funding round of the MMA company.
via Getty
OAKLAND, CALIFORNIA – AUGUST 29: Broadcaster and former MLB player Alex Rodriguez looks on from the field before the game between the Oakland Athletics and the New York Yankees at RingCentral Coliseum on August 29, 2021 in Oakland, California. (Photo by Lachlan Cunningham/Getty Images)
Not only he has become a part-owner, but he will also have a seat on the PFL’s board of directors. Currently valued at $500 million, the Professional Fighters League had a reported valuation of $400 million.
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Now betting on the growth of mixed martial arts: @AROD.
Alex Rodriguez has become a partial owner of the Professional Fighters League, after contributing to a $30M funding round.
The former MLB star will join the board for the PFL — now valued at $500 million, per @cnbc. pic.twitter.com/sa6rIYbsTr
— Front Office Sports (@FOS) May 19, 2022
Given the rise of $100 million in just one year, A-Rod might have done one of the best businesses in his career. Because this industry will only grow, given the craze of MMA. So, in the coming years, it will only increase the net worth of Alex ‘A-Rod’ Rodriguez.
A-Rod bought the Timberwolves
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Earlier in 2021, when the entire world was suffering from the Covid-19, Alex ‘A-Rod’ Rodriguez struck gold in the NBA. He, along with his business partner Marc Lore, bought the Minnesota Timberwolves for a whopping $1.5 billion.
After the Timberwolves deal, this MMA deal might be the biggest deal for Alex Rodriguez.
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What do you think? Is this a wise investment from A-Rod?
Written by:
Edited by:
Abhishek Kumar