Empowering Communities, Celebrating Minnesota Locally

Michael Bloomberg reportedly joins Wolves ownership group

(Minneapolis, MN) — Former New York City Mayor Michael Bloomberg is reportedly joining Alex Rodriguez and Marc Lore’s (LOR’-eez) Timberwolves’ ownership group. The Athletic reports that adding billionaire Bloomberg would allow A-Rod and Lore to pay the luxury tax on the team’s high-priced roster and build a new arena. Owner Glen Taylor called off the deal to sell the team to them in late March because he said they missed a payment deadline. The Wolves are coming off a trip to the Western Conference Finals for the first time in 20 years. Bloomberg is worth an estimated 109 billion dollars.