Source: New York Post
Marc Lore, who several years ago said that owning the Minnesota Timberwolves was a dream come true, largely walked away from his option to buy control of the team leaving it to Alex Rodriguez, sources close to the situation said. If the deal closed, Lore would have become the owner of the team with his pal and co-investor Rodriguez taking a more secondary role, sources said. Yet, Lore, who told the NBA he was worth about $4 billion, did not want to invest much of the $520 million needed for him and A-Rod to increase their stake in the team, along with co-investors, from 40 to 80 percent by Wednesday’s deadline.
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