Major League legend Alex Rodriguez is now formally concerned on this planet of skilled basketball.
On Tuesday, the NBA Board of Governors authorised Rodriguez and Marc Lore as restricted companions for each the Minnesota Timberwolves and Lynx, per ESPN’s Adrian Wojnarowski.
Rodriguez, a three-time MVP and 14-time All-Star within the MLB, and Lore’s possession group now owns 20 percent of the Timberwolves and Lynx, which is simply step one within the group’s path to whole possession. In 2022, the group can have the chance to buy an extra 20 p.c and can grow to be majority house owners by 2023 (once they can buy one other 20 p.c of the franchise).
Rumors have been energetic that Rodriguez’s intention with the T’Wolves is to maneuver the workforce to Seattle, the place he spent the primary few seasons of his MLB profession. However, for now, these stay solely rumors.
The present proprietor of Minnesota’s skilled basketball franchise, 80-year-old Glen Taylor, will stay with the franchise in the meanwhile.
The Timberwolves have had a tough go of it over the previous few years, with just one playoff look since 2005 regardless of having a decent assortment of high-end expertise. In 2020-21, Minnesota completed 23-49 and thirteenth within the Western Conference after going 19-45 within the earlier season.