Alex Rodriguez and $4 Billion Worth Partner Get a Major Boost Ahead of Critical December 31st Deadline

Published 12/25/2022, 9:30 AM EST

A year of uncertainty surrounding Alex Rodriguez and Marc Lore-owned Minnesota Timberwolves is finally reaching its conclusion, and to all A-Rod fans, it’s on a positive note. After struggling to match an initial 7% stake in the franchise, Marc Lore held up A-Rod’s end of the bargain and bought an additional 3%.

Today, as a result, Marc Lore owns a 13% stake in the Western Conference’s Minnesota Timberwolves. A-Rod, on the other hand, holds 7%. As time passed, people questioned A-Rod’s ability to continue purchasing regular stakes in the sports franchise.

Notably, the duo has the option to purchase an additional 20% of the franchise before the end of 2022. And while experts doubted A-Rod’s ability to collect this sum, things have worked out for the ex-Yankees World Champion.


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A happy year-end for Alex Rodriguez and Marc Lore

Now, as reported by Sportico, the last few months that A-Rod and Marc Lore have spent raising funds for their December 31st deadline, have successfully transformed into a success. And along with private equity firms, individual investors, and family offices, the Sportico report suggests that the two opulent entrepreneurs have almost collected $1.5 billion.

A-Rod and Lore made an initial down payment for the franchise in 2021 for 20% of the franchise. The following investment is due at the end of 2022, for another 20%. By the end of 2023, A-Rod and Lore are likely to purchase an additional 40%, before the final 20% at the end of 2023.

That being said, the Minnesota Timberwolves is currently the third least-valued team in the NBA at $1.7 billion, according to Sportico.

Is the Minnesota Timberwolves A-Rod Corp’s biggest investment?

After retiring from the New York Yankees deck, the future Minnesota Timberwolves owner Alex Rodriguez turned his entire focus on A-Rod Corp, a holding company that he founded in 1996. After multiple fruitful years, A-Rod finally joined hands with ex-Walmart CEO Marc Lore and entered a bidding war for a sports team. Their first hopeful venture was the New York Mets. But billionaire Steve Cohen significantly outbid them.


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Eventually, after acquiring the Timberwolves, A-Rod Corp became home to two massive investments:

  1. Waldorf Hotel in D.C.
  2. NBA’s Minnesota Timberwolves


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Watch this story: From Alex ‘A-Rod’ Rodriguez to Barry Bonds: 5 top players who aren’t a part of the MLB hall of fame

Do you think the Rodriguez-Lore partnership will carry the Timberwolves to new heights? Let us know your thoughts in the comments below.



Mohsin Baldiwala

644 articles

Mohsin Baldiwala is an MLB author for EssentiallySports. He is pursuing his BBA degree, specializing in Communications & Media with a Public Policy minor. Along with his keen interest in politics and questions about society, he has written multiple research papers about a variety of topics, ranging from stand-up comedy to the Indian Education System.

Edited By: Abhishek Kumar