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Alex Rodriguez and Billionaire Partner to Invest $20 Million in New Venture, Despite Recent $300 Million SPAC Loss and Minnesota Timberwolves Issues

Source Node: https://zephyrnet.com/alex-rodriguez-braves-300-million-spac-loss-and-minnesota-timberwolves-issues-to-raise-20-million-for-a-new-venture-alongside-billionaire-partner-essentiallysports/
Time Stamp: March 2, 2023 1:10 AM - Modified On: March 2, 2023 - Published By:
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Published by Plato

Alex Rodriguez, the former Major League Baseball star, and his billionaire partner Marc Lore have announced a new venture worth $20 million. The new venture comes despite Rodriguez and Lore recently losing $300 million in a Special Purpose Acquisition Company (SPAC) and the ongoing issues with the Minnesota Timberwolves. The new venture, called A-Rod Corp, is an investment firm that will focus on early-stage companies in the technology, media, and entertainment industries. Rodriguez and Lore will be equal partners in the venture, with each contributing $10 million. The firm will