Alex Rodriguez is finally about to become a sports owner.
Months after the former Major League Baseball star came up short in a bid to buy the New York Mets, the National Basketball Association opened up its ownership club. Rodriguez will join former Walmart e-commerce CEO Marc Lore to purchase the Minnesota Timberwolves for a reported $1.5 billion.
The move still needs approval from NBA owners, and Timberwolves current owner Glenn Taylor is expected to operate the franchise for two more years while Rodriguez and Lore transition into their ownership roles.
Source: CNBC
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