The ownership battle for the Timberwolves between majority shareholder Glen Taylor and minority shareholders Marc Lore and Alex Rodriguez is adding some financial heft.
Michael Bloomberg, the former mayor of New York City and the ninth-richest man in America with a net worth of $96.3 billion, according to Forbes, has agreed to join the ownership group of Lore and Rodriguez, sources confirmed to the Star Tribune.
The contentious and public battle over who owns the Timberwolves and Lynx is scheduled to be determined soon at an undisclosed office in Minneapolis with Taylor, Lore and Rodriguez taking part in forced arbitration.