Alex Rodriguez and Entrepreneur Marc Lore Reach Agreement to Buy NBA's Timberwolves: Report

Alex Rodriguez.Photo: Frank Micelotta/Fox Sports/Picturegroup/Shutterstock

Alex Rodriguezis keeping busy following his split fromJennifer Lopez.

The former MLB player and tech entrepreneur Marc Lore have reportedly agreed to a $1.5 billion purchase of the NBA’s Minnesota Timberwolves from owner Glen Taylor, Shams Charania ofThe Athleticreported on Thursday.

According toSports Illustrated, Rodriguez and Lore are expected to be 50/50 partners in the deal. Lore is a former e-commerce chief with Walmart, while Rodriguez was a longtime star member of the New York Yankees.

The group will become owners of both the Timberwolves and the WNBA’s Minnesota Lynx during the 2023-2024 season, the outlet said.

Representatives for the Timberwolves did not immediately respond to PEOPLE’s request for comment.

David Sherman/NBAE via Getty

In an interview, Rodriguez said he imagined the Mets as being an “entertainment sports media platform” with “baseball [being] a small part of it.”

RELATED VIDEO:Jennifer Lopezand Alex Rodriguez Officially Call Off Engagement: ‘We Are Better as Friends’

“We felt we could buy this for $2.35 billion and over time make this a $10 or 15 billion holding company, much like the Fenway Group has done over in Boston,” he added.

The interview may shed some light on what Rodriguez has planned for the Timberwolves.

source: people.com