Alex Rodriguez is one of the very few sports personalities who has built an empire in their post-retirement careers. Having played baseball for over two decades, A-Rod ruled an era. And his post-retirement is equally good.
Not long ago, but in 2021, A-Rod teamed up with business tycoon Marc Lore to buy the NBA franchise Minnesota Timberwolves. Not many people know this but way before becoming the part-owner of the Timberwolves, A-Rod’s ex-fiancee 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-old relationship, Jennifer automatically parted ways from the deal, too. However, the speculations also suggest that A-Rod bought the Timberwolves as revenge on his ex-fiancee Jennifer and her beau Ben Affleck.
Did Alex Rodriguez invest in the Timberwolves because of revenge on his ex-fiancee Jennifer Lopez?
Even though Alex Rodriguez‘s current worth is around $400 million, the former Yankee is reportedly having a liquidity problem. And that is the main reason his Timberwolves ownership is in doubt. Had A-Rod and J.Lo been together, the current scenario would be a lot different.
Per the New York Post, apart from A-Rod and Marc Lore, Jennifer Lopez was also in the Timberwolves’ ownership deal. And she was the main reason Lore also teamed up with A-Rod. But when the two called their relationship off in the last year, A-Rod still wanted to become a part-owner of the NBA franchise.
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And he did become a part-owner of the Timberwolves. Although it is not sure whether A-Rod bought the Timberwolves because he wanted revenge on $550 million worth of Jennifer Lopez and Ben Affleck.
But the recent reports suggest that Alex Rodriguez is having trouble generating more money for the second installment. Not to forget that from being an equal partner, A-Rod went on to become a secondary partner to Lore because of the lack of money. As things stand, A-Rod owns only 7% of the Timberwolves while Lore has 13% of the Timberwolves shares.
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Do you think Alex Rodriguez will continue to be a part owner of the Timberwolves in the future?