(KNOX) – Former New York City Mayor and billionaire media mogul Michael Bloomberg has joined the investor group headed by Marc Lore and Alex Rodriguez who are seeking to acquire a majority stake in the NBA’s Minnesota Timberwolves.
Bloomberg, who built his fortune on Wall Street financial data It’s a major coup for Lore and Rodriguez, who are locked in a battle with current T-Wolves majority owner Glen Taylor over control over the team.
A spokesperson for Lore confirmed Bloomberg’s participation in the investment group.
If Lore and A-Rod succeed in wresting control of the T-Wolves from Taylor, Bloomberg will wind up with about a 10% ownership stake in the team.
17th Ave. S. in Grand Forks to close Tuesday
(KNOX) - 17th Avenue South in Grand Forks will be closed from 14th St. to South Washington Street, starting Tuesday. Crews from Knife River will be doing concrete panel replacements as well as curb and sidewalk work. There will be detour signs in pla...
Jun 21, 2024
Grand Forks committee to present plans to commission
(KNOX) -The Grand Forks County Sheriff's Office Location Committee has come up with two proposals to present to the county commission regarding the future location of the Grand Forks County Sheriff's Office. The committee will recommend that the Gran...
Jun 21, 2024
Grand Forks working on Consolidated Plan
(KNOX) -The City of Grand Forks has hired a Denver based firm to work on its five strategic plan. Frankie Lewington is an associate with Root Policy Research and said that the plan will look at the needs of Grand Forks. "Community centers, or pa...
Jun 24, 2024
Governor Walz tours flood-ravaged northeast Minnesota counties
(KNOX) - Minnesota Governor Tim Walz has activated the State Emergency Operations Center to monitor flood conditions during the weekend. Walz surveyed the flood damage Friday in Saint Louis County, deluged by seven-to-ten inches of rain... and parts ...
Jun 21, 2024
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