"A-Rod and Lore's Bid for Timberwolves Ownership Hits Financial Hurdle"

In a surprising twist of fate, former baseball star Alex Rodriguez and business partner Marc Lore have hit a roadblock in their quest to claim majority ownership of the Minnesota Timberwolves. The Carlyle Group, their financial backer, has pulled out just as one final payment stood between them and ownership of the franchise. With the deadline looming, Rodriguez and Lore are now scrambling to secure new financing to seal the deal before March 27th. Despite this setback, the duo remains determined to overcome this hurdle and gain control of both the Timberwolves and the WNBA's Minnesota Lynx.

The saga of Rodriguez and Lore's potential ownership takeover has been a rollercoaster ride since April 2021, when they embarked on the process to purchase the Timberwolves. Having already bought two installments totaling 60% of the franchise, this unexpected setback adds a twist to their ownership aspirations. While the reasons behind Carlyle Group's withdrawal remain unclear, Rodriguez and Lore are actively seeking alternative sources of funding to salvage their plans. With the clock ticking, all eyes are on whether they can secure the necessary funds and navigate the NBA approval process to finalize the change in ownership.