Dyal Capital Partners is now an financial backer in Alex Rodriguez and Marc Lore's bid to buy the Minnesota Timberwolves, according to a new report.
After a Scare, Alex Rodriguez and Marc Lore Secure the Finances to Buy the Minnesota Timberwolves: Report
Exclusive: Vespertine, One of L.A.’s Best—and Most Notorious—Restaurants Is Reopening. Here’s a Look Inside. The former MLB star and the businessman had lost their financial backing in their bid to become the majority owners of theon Wednesday. The duo, who had just one payment left, had been working with the Carlyle Group before the company seemingly decided to pull its funding. Now, it appears a new financier has stepped up to help them out.
“They had an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them,” Taylorthe Minnesota sports reporter David Shama. “They have to go out and find new revenue. That I do know.” (The NBARodriguez and Lore are just the latest big names to bet on the sports world.
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