(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.


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