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Cavs’ Wade after big loss: Still searching for role

October 22, 2017October 22, 2017| 0 Comment| 6:45
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Cavs’ Wade after big loss: Still searching for role

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New York Knicks vs Boston Celtics
Type: Total - Status: OPEN
Under-110
Over-110
Golden State Warriors vs Minnesota Timberwolves
Type: Total - Status: OPEN
Under-115
Over-105
Cleveland Cavaliers vs Indiana Pacers
Type: Total - Status: OPEN
Under - 1H-110
Over - 1H-110
Oklahoma City Thunder vs Denver Nuggets
Type: Total - Status: OPEN
Under-105
Over-115

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Marc Lore, Alex Rodriguez Working On Deal With Carlyle Group For Minority Stake In Wolves At $2.3B ValuationMarc Lore, Alex Rodriguez Working On Deal With Carlyle Group For Minority Stake In Wolves At $2.3B Valuation

Marc Lore and Alex Rodriguez are working on a deal with the Carlyle Group to bring the U.S.-based private equity company in as a minority investor in the Minnesota Timberwolves.

Lore and Rodriguez agreed to buy the Wolves in 2021 via a tranched-out purchase at a $1.5 billion valuation. This included an initial 20 percent stake, which has now grown to 40 percent. The next option is to add another 40 stake by next March.

Carlyle’s tentative investment would come at around a $2.3 billion valuation.

The remaining 20 percent stake will continue to be held by Glen Taylor, but Rodriguez and Lore have a future option on that piece as well.

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