Alex Rodriguez To Officially Gain Ownership Of The Timberwolves

BYAlexander Cole2.0K Views
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Alex Rodriguez
Alex Rodriguez will have a 50 percent ownership stake in the franchise.

While he might be recovering from the heartbreak of his breakup with Jennifer Lopez, there is no denying that A-Rod is still dedicated to making some massive moves in the business world. Over the last year, there have been rumors that he could be in the running to purchase the Mets. Of course, that never came to fruition, however, in recent months, he has set his eyes on the Minnesota Timberwolves.

Today, it was reported by Shams Charania of The Athletic that A-Rod and his business partner Marc Lore have officially bought the team for $1.5 billion. Both Lore and A-Rod will own 50 percent of the franchise, which means Rodriguez is putting up $750 million to purchase the team.

The Timberwolves have been in a state of disarray over the last few years as their results on the court have been less than stellar. While it remains to be seen how new ownership will change this, there is no denying that A-Rod will be bringing a ton of passion to his new role as owner.

Having former athletes in ownership roles is definitely a welcomed trend and it will be fun to see how A-Rod embraces his new position.

Stay tuned to HNHH for more news from the world of basketball.

Alex Rodriguez To Officially Gain Ownership Of The Timberwolves
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About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
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