the takeover jeopardized by the departure of Jennifer Lopez

Everything was going almost too well in the Minnesota Timberwolves takeover. Glen Taylorthe owner of the franchise, had agreed to gradually disengage from the organization after the sale of its shares to the tandem made up of the businessman Marc Lore and the former baseball star Alex Rodriguez for an amount exceeding one billion dollars. ‘A-Rod’ and Lore are believed by this time to have already bought out 20% of Wolves and a second payment, of an additional 20%, is due in December.

little concern, according to the New York Post, Rodriguez has only paid 7% of what he owes and is currently unable to make the second payment. One could say that it is surprising from an athlete whose personal fortune is estimated at 350 million dollars, not to mention the financial contribution from the one who was his companion recently, Jennifer Lopez. Until their separation, which occurred after the deal was closed, “J-Lo” was said to be very involved in the project, both in terms of time and financial means.

Alex Rodriguez and Jennifer Lopez weren’t married, but their separation is causing a stir in the affair. The artist was apparently the main reason why Rodriguez managed to secure the presence of additional investors allowing him to finance his share of the takeover. Now, either the situation becomes too complex for Rodriguez and he withdraws from the deal, which would force Lore to find a fallback solution to become the majority, or he manages to ensure the minimum financially to, at least, remain a minority shareholder behind Lore.

These considerations are not likely, for the moment, to penalize the ambitions of Wolves on the sporting level. The off-season was lively, with in particular the arrival of Rudy Gobert. Back in the playoffs last season, Minnesota, armed with KAT and Anthony Edwards in addition to the pivot of the Blues, aspires to climb new levels, with or without Alex Rodriguez at the head of the business.

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