(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.
Minnesota National Guard will provide security at Republican National Convention
(KNOX) - Governor Tim Walz has authorized the Minnesota National Guard to provide public safety support for the 2024 Republican National Convention. The convention will be held in Milwaukee, Wisconsin, from July 15 through July 18. It's been designat...
12h ago
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
Mill-and-overlay project will limit parking on Grand Forks streets
(KNOX) - Crews will begin the Mill (grinding) and Overlay (resurfacing) portion of this project on Thursday, June 27, 2024. There will be no parking on the streets during the Mill and Overlay process. The roads impacted are: 4th Ave. S. (Belmont Rd. ...
Jun 26, 2024
Solberg to retire from law enforcement
(KNOX) - North Dakota Highway Patrol Col. Brandon Solberg plans to retire from law enforcement Nov. 30 after nearly 6½ years as superintendent of the Highway Patrol. Solberg has accepted another position in state government as director of the ...
18h ago