Amid Payment Struggles, Alex Rodriguez Spills a 25-Year Secret That Helped With $1.5 Billion Minnesota Timberwolves Purchase

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After playing 22 seasons with the Yankees, Alex Rodriguez has become a true businessman. He invested heavily in real estate, which actually fueled the fund for his purchase of the NBA team Minnesota Timberwolves. Meanwhile, he recently revealed how he was able to buy the NBA team. [{ "selector": ".uzqcb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".ebelk-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-116px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ncjwt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 321px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

A-Rod’s business ventures after retirement

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For the past 25 years, Rodriguez invested massively in real estate. He also invested in multi-family properties. It was the main reason behind his $350 million net worth. However he regrets not buying more real estate properties; moreover, he also regrets selling some of his properties.

Rodriguez bought the Timberwolves in 2021

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In 2021, Rodriguez and Marc Lore bought the Timberwolves for $1.5 billion. However, they were not able to pay the money at once. So, they decided to pay in three installments. After paying the first installment, they struggled to pay the second one. Recently, they paid the second installment. Notably, A-Rod watched a lot of Timberwolves games this postseason, even though they lost.

A-Rod revealed how he was able to pay the money

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In a recent interview with the $600 million investor, Grant Cardone, A-Rod, revealed the secrets of his monetary solution. He said, “Well I got a great partner, one, but I did it with multi-family. I’ve been doing it for 25 years.”

Alex Rodriguez’s Famous Ex Gives a Massive Update On Her Role in the 95th Oscars

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