Not long ago, but a year back, Alex Rodriguez teamed up with business tycoon Marc Lore to purchase the Minnesota Timberwolves for a whopping $1.5 billion. They even made a down payment of $250 million to own 20% of the shares.?
But since A-Rod failed to generate enough money to become an equal partner of the Timberwolves, he became a secondary partner and bought only 7% shares of the Timberwolves.
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And now, when A-Rod and Lore have to pay the second installment by the end of 2022, the former Yankee is having trouble generating money. Although it may sound strange, A-Rod?s breakup with his ex-fiancee, Jennifer Lopez, has reportedly caused him this downfall. Even Judd and Mackey agreed upon the same.
Being with Jennifer helped Alex Rodriguez build his brand image!
Not only, Judd and Mackey, but even a New York Post report also suggested that Jennifer Lopez unknowingly helped Alex Rodriguez build his brand image. And Marc Lore teamed up with A-Rod because of Jennifer.
“His ability to raise capital went from strong to meaningfully weaker. J.Lo validated him,” said the NY Post report.
While discussing how long A-Rod will be able to be a part-owner of the Timberwolves; Judd and Mackey said that a year later, A-Rod might no longer be a part-owner of the Timberwolves.
How Jennifer Lopez breakup jeopardizes Alex Rodriguez's $1.5B Timberwolves deal https://t.co/QHKE8pm5Ds pic.twitter.com/KLhxV4OPjH
— New York Post (@nypost) August 30, 2022
?I guess J.Lo being attached to you gives you validation. It does. She is a legitimate businesswoman. She has built brands,? Judd and Mackey said.
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Notably, A-Rod and Jennifer broke up after a four-year relationship in 2021. Not to forget, A-Rod and Jennifer also had a failed attempt to buy the MLB side, New York Mets.
Currently, Jennifer is married to renowned actor Ben Affleck, while Alex Rodriguez is still single. However, he is reportedly dating a 25-year-old fitness model, Kathryne Padgett.
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Do you think A-Rod will be able to save his Timberwolves ownership?