Alex Rodriguez, a former Major League Baseball player who played an active part in the Yankees, began pursuing his business goals as soon as he became a professional. One of the most successful players in baseball history, but living a controversial post-career life, he is now even more ambitious.
“I’ve come to a place where I can be accountable,” Rodriguez said in an interview. In baseball, “There were good moments and very tough moments, but when it comes to being a father, partner, businessman, or friend, I’m in a clean state, which gives me incredible motivation. I have. “
Alex Rodriguez aims to return the stigma of his baseball player days
Source: Bloomberg
In an interview in Miami, Florida, Rodriguez, 46, presented his vision for a network of businesses under his company, A-Rod Corp.. Based on its success in real estate dating back 20 years ago, the company now has private equity (PE, private equity), venture investment targets, special acquisition companies (SPACs), and two professional basketball teams.
The baseball world continues to balance Rodriguez’s past achievements and substance use issues. He was qualified to be inducted into the Major League Baseball Hall of Fame this year, but his great achievements during his career and his work as CEO, TVcaster, and investor for a retired company made him a stigma in his career as a player. It’s unclear at this point if they will be able to close their eyes.
From Major League Baseball to NBA
Marc Lore, the founder of Jet.com and former head of e-commerce at Wal-Mart, partnered with Rodriguez when he acquired the men’s professional basketball, Minnesota Timberwolves of the NBA and the women’s professional basketball, WNBA’s Lynx. He and Rodriguez met during the failed acquisition of the New York Mets and have collaborated on a number of projects since then, including the $ 400 million fund VC Ventures.
Rodriguez has eagerly sought the advice of world-renowned business leaders and investors. His office in Miami is adorned with photos taken with Warren Buffett and Bill Gates. He also said he was able to draw a blueprint for building a business empire thanks to Magic Johnson, one of the few former basketball players who became the owner of the team.
Rodriguez taking a photo with a smartphone at the inauguration of US President Joe Biden
Photographer: Will McNamee/AFP/Getty Images
Great presence on SNS
Rodriguez has a big presence on social media. He has more followers on Instagram than Timberwolves, the Yankees, and all active and retired baseball players.
Rodriguez explained that social media and communication became more interested in the year when he was suspended for the longest game in baseball history by using a performance-enhancing drug (PED). During this period, he recalled, “I had the opportunity to point the lens inward and understand the conversations and stories that led to why I made good, bad, and extremely bad choices.”
Rodriguez says becoming the owner of a basketball team may help him achieve one of his most important goals.
Photographer: Tom Connors/Bloomberg Quicktake
Launch of SPAC
His SPAC, Slum, has not yet announced what to buy. The talks to buy the collection company Panini ended in September because the company lost its exclusive license to the NBA and the US professional football NFL.
Rodriguez said that becoming the owner of a basketball team could help him achieve one of his most important goals. The goal is to create a business that looks good in the eyes of her daughter and may one day join her. After a recent match between the Timberwolves and the Philadelphia 76ers, he was amazed by the words of his youngest daughter, Ella.
“My daughter said,’Dad, I really like this basketball. I might run this business someday.’ I said,’That’s the best word I’ve ever heard.’ I answered, “said Rodriguez.
Original title:
A-Rod Is Building a Sprawling Business Empire to Redeem Himself(excerpt)
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