Last year, Alex Rodriguez And Jennifer Lopez Were talking To buy new york mets. But the deal never got steamy and eventually broke down. Instead, hedge fund billionaire Steve Cohen Bought majority stake For $ 2.475 billion in Mets. This is the highest rating for a sports franchise.
But Rodriguez did not spend much time relaxing his laurels. And now, he owns another team – just in a different game.
ESPN’s Adrian Wojanowski told Alex Rodrigues and Mark Lore are finalizing a deal to buy the Minnesota Timberwells. Current majority owner Glenn Taylor will control the team for two years and will take over Rodriguez and Lorre in 2023.
Wojnarowski said the purchase price was expected to be around $ 1.5 billion.
Taylor, 79, has been searching for a buyer since July of 2020. He bought the team in 1994 for $ 88 million, placing the Timberweats in Minnesota instead of moving to New Orleans. At the time, the Timberwells were in the league for only five years, having won no more than 29 games in a single season.
Despite leading a handful of exciting players such as Kevin Garnett, Andrew Wiggins, Karl-Anthony Townes, and most recently Anthony Edwards, Taylor has commanded the team as an owner. The Timberweats made the playoffs every year from 1997 to 2004, but they won a total of two playoff series during that span (both during the 2004 postseason).
Since then, the team has only reached the playoffs once in 2017-18. He snapped as the eighth seed and lost to the Houston Rockets in five games.
Taylor has outperformed as the owner of the Minnesota Lynx of the WNBA. The team has won four championships in the last ten years and is a perennial title contender.
For now, the Timberweats will live in Minnesota. But Rodriguez, who played for the Seattle Mariners, could try and bring a team back to the Pacific Northwest.
We’ll see what Rodriguez ultimately decides, but he ultimately owns a professional sports franchise. The number of people holding that title is very small – and Rodriguez is now in that particular group.