Alex Rodriguez Looks Keen to Build on Minnesota Timberwolves Purchase by Raising “Billions” For an Exciting New Venture

Alex Rodriguez is known for his love of sports and his business acumen. After enjoying an illustrious career as a player in MLB, A-Rod has found success in the business world as well. Not long ago, the Yankees legend became the co-owner of the NBA team Minnesota Timberwolves, his first adventure into the sports world as an owner. Moreover, A-Rod has always been open to great investment opportunities.

But NBA is not the only place where A-Rod wants to establish his legacy. If reports are to be believed, the former pro baseball might get involved in different sporting ventures in the future. Well, this could be a reality soon, but when and how? Let’s understand it.

Alex Rodriguez is planning a buyout fund worth billions for sports-related investments!

Alex Rodriguez has already been involved in different businesses and has learned a lot about running businesses. Rodriguez is an owner of the NBA team and is planning to increase his portfolio with sports-related investments. According to the New York Post, the Nascent private equity fund is looking for minor investments. It involves franchises across US-based leagues and the world. These investments would require a sizeable amount worth billions of dollars.

Read More:-Alex Rodriguez Makes a Shocking Confession Against $4.6 Billion Partner Before Teaming Up to Own the Minnesota Timberwolves

As reported, “Alex’s successful purchase of the Timberwolves franchise has drawn the interest of large PE firms and institutional investors who are courting him to create sizable PE funds that would invest in the broader sports and real estate universe.” 

The plan could be very successful, as different owners allow private funding entities to buy out minor stakes in their teams. Reports also suggest that this is still in the initial stages. The world has to wait for some time for more clarity. Also, the complete process will take time to find the best way out.

A look at Alex’s first adventure in the sports world!

Rodriguez is an established business owner and is involved in various industries through a variety of businesses. But his investment in the NBA team, Minnesota Timberwolves in 2021, made it to the headlines. The deal was for $1.5 billion, and they made payments over three installments.

He faced some challenges to complete this deal. At one point, there were reports that Rodriguez and his partner are facing problems in clearing the dues. The fund is even bigger this time, and the road will have hurdles too. The challenge of the sports world also complicates the situation. Whether Rodriguez will be successful in this plan? Only time will tell.

What do you make of this story? In which league you would love to see him as an owner? Let us know in the comments!

Watch this story:- Alex Rodriguez, Who Slammed 696 Home Runs in MLB, Reveals a Different Approach to Investing Millions of Dollars