Mark Lore Believes Deal To Buy Wolves 'Close To Finish Line'

Moderators: -Sammy-, Domejandro, bwgood77

RealGM Wiretap
Posts: 80,041
And1: 216
Joined: Mar 19, 2013

Mark Lore Believes Deal To Buy Wolves 'Close To Finish Line' 

Post#1 » by RealGM Wiretap » Wed May 12, 2021 5:49 pm

While the 30-day exclusive negotiating window to purchase the Minnesota Timberwolves from Glen Taylor has expired, Mark Lore remains optimistic that a deal will be reached.

Lore told Bloomberg that the talks with Taylor are “ongoing, and going well,” adding that “we’re getting close to the finish line.”

Lore is partnering with Alex Rodriguez on the deal.

Lore and Rodriguez are also forming a venture capital firm called Vision/Capital/People, or VCP. The VC is launching with $50 million of the pair's own money and could eventually raise $300 million to $500 million. 

Via Matthew Boyle/Bloomberg

Return to Wiretap Discussion