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A Rod

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sports1 year ago

"A-Rod's Bid for Timberwolves Ownership Falls Through"

Marc Lore and Alex Rodriguez's bid to buy the Minnesota Timberwolves fell apart as Lore walked away from investing the needed $520 million, leaving A-Rod to raise the funds largely on his own. The NBA rejected private equity firm Carlyle Group as a potential investor, causing further delays. Despite Lore and A-Rod claiming they met the deadline, Timberwolves owner Glen Taylor terminated the sale, citing missed financial deadlines. The pair accused Taylor of "seller's remorse," but it now appears a mediator will decide the next steps.