Alex Rodriguez and Billionaire Partner Lose $300 Million in SPAC Investment, Minnesota Timberwolves Raise $20 Million for New Venture
Alex Rodriguez and Billionaire Partner Lose $300 Million in SPAC Investment Alex Rodriguez, the former New York Yankees star, and billionaire partner Marc Lore recently lost $300 million in a Special Purpose Acquisition Company (SPAC) investment. The two had invested in a SPAC called Vision Esports, which was created to acquire esports teams and organizations. Unfortunately, the deal fell through, leaving Rodriguez and Lore with a hefty loss. A SPAC is a type of investment vehicle that allows investors to purchase shares in a company that is not yet publicly