Alex Rodriguez is one of the few sports personalities to have built an empire in their career after retirement. Having played baseball for over two decades, A-Rod ruled an era. And his post-retirement is just as good.
Not too long ago, but in 2021, A-Rod teamed up with business mogul Marc Lore to buy the NBA Minnesota Timberwolves franchise. Not many people know this, but long before she became co-owner of the Timberwolves, A-Rod’s ex-fiancée Jennifer Lopez was reportedly a third partner in the $1.5 billion deal.
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But since the two ended their four-year relationship, Jennifer also automatically parted ways with the deal. However, speculation also suggests that A-Rod bought the Timberwolves to get revenge on his ex-fiancée Jennifer and beau Ben Affleck.
Did Alex Rodriguez invest in the Timberwolves to get revenge on his ex-fiancée Jennifer Lopez?
Even though Alex Rodriguezis around $400 million, the former Yankee would have a cash flow problem. And that’s the main reason why his ownership of the Timberwolves is in doubt. If A-Rod and J.Lo had been together, the current scenario would be very different.
According to the New York Post, aside from A-Rod and Marc Lore, Jennifer Lopez was also in the Timberwolves ownership deal. And she was the main reason why Lore too team up with A-Rod. But when the two ended their relationship last year, A-Rod still wanted to become a co-owner of the NBA franchise.
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And he became part owner of the Timberwolves. While it’s unclear whether A-Rod bought the Timberwolves because he wanted revenge for $550 million from Jennifer Lopez and Ben Affleck.
But recent reports suggest that Alex Rodriguez is struggling to generate more money for the second installment. Not to mention that from an equal partner, A-Rod became a secondary partner of Lore due to the lack of money. As things stand, A-Rod possesses only 7% of the Timberwolves while Lore owns 13% of Timberwolves stock.
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Do you think Alex Rodriguez will continue to co-own the Timberwolves in the future?