Report: Former NYC mayor Michael Bloomberg joins A-Rod, Lore ownership group

One of the richest men in the world has joined forces with Alex Rodriguez and Marc Lore in an attempt to gain majority ownership of the Minnesota Timberwolves and Lynx., former three-term New York City mayor Michael Bloomberg has joined Lore and Rodriguez that "would allow them to go forward immediately with a final $300-plus million investment to buy out" current majority owner Glen Taylor.

Bloomberg, who is the 12th-richest person on the planet, according to Forbes, with a net worth of $106 billion, "is in for only a portion" of the additional $300-plus million," Krawczysnki says. Taylor, 83, announced March 28 that the teams were no longer for sale, claiming Lore and Rodriguez didn't meet contractual obligations laid out in the purchase agreement the two sides signed in 2021.

Lore and Rodriguez have maintained that they didn't miss a deadline and believe Taylor has a case of "seller's remorse."

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