Alex Rodriguez and Billionaire Partner to Invest $20 Million in Minnesota Timberwolves, Despite $300 Million SPAC Loss
Recently, former MLB star Alex Rodriguez and billionaire Marc Lore have announced a $20 million investment in the Minnesota Timberwolves. This comes despite the pair's recent loss of $300 million in their special purpose acquisition company (SPAC).Rodriguez and Lore are no strangers to investing in sports teams. The pair previously invested in the Milwaukee Bucks, and Lore is currently the owner of the Houston Rockets. Their latest investment in the Timberwolves marks their first foray into the NBA.The $20 million investment is seen as a way for Rodriguez and Lore