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The battle over who owns the Timberwolves just got an additional wrinkle as the 10th-richest man in America is joining the ownership group of Marc Lore and Alex Rodriguez. ....
Bloomberg joins Lore-Rodriguez group for in-dispute purchase of Timberwolves, AP source says toronto.citynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from toronto.citynews.ca Daily Mail and Mail on Sunday newspapers.
Michael Bloomberg, the billionaire media magnate and former New York City mayor, has agreed to partner with Marc Lore and Alex Rodriguez for their in-dispute attempt to purchase the Minnesota Timberwolves, according to a person with knowledge of the deal. Bloomberg is currently ranked as the 12th-richest person in the world by Forbes on the business news outlet's list of personal fortunes, with an estimated net worth of $106 billion. Lore and Rodriguez agreed more than three years ago to buy the Timberwolves for $1.5 billion from Minnesota native and printing and agriculture mogul Glen Taylor, who halted the sale on March 28 because he said they missed the deadline to make the final payment. ....