• Loading stock data...
Sunday, April 21, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

A-Rod Reportedly Seeks Massive Sports-Focused Buyout Fund

  • The New York Post reports that its source says, “A-Rod is gunning for a war chest in ‘the billions.’”
  • Rodriguez previously said he "came second" to Steve Cohen while bidding on the New York Mets in 2020.
A-Rod is reportedly looking to add more sports teams to his portfolio.
Credit: Gary A. Vasquez-USA TODAY Sports

Alex Rodriguez is reportedly looking to launch a buyout fund to invest in sports teams.

The New York Post reports that its source says, “A-Rod is gunning for a war chest in ‘the billions.’”

A representative from A-Rod Corp declined to comment when contacted by Front Office Sports.

The former MLB star is looking to purchase minority stakes in franchises across the NFL, MLB, and NHL. Rodriguez, who already co-owns the NBA’s Minnesota Timberwolves, might also consider soccer and cricket franchises overseas.

Marc Lore, who invested $250 million with A-Rod for a 20% stake in the Timberwolves in July 2021, is reportedly not a part of Rodriguez’s plans for the buyout fund. A-Rod and Lore increased their stake in the Timberwolves to 40% in March with plans to make another payment that would increase their stake to 60% over the next year. 

A-Rod’s potential fund would jockey with an array of private equity firms that have committed to buying shares in major sports teams — including Arctos Sports Partners, RedBird Capital, Ares Management, Sixth Street, and Dyal Capital.

In 2020, Rodriguez and Jennifer Lopez led an investment group seeking to buy the New York Mets prior to Steve Cohen’s $2.4 billion purchase of the team.

“The truth is we tried to make a run at the Mets, and we had a hell of a run. We came second to Steve Cohen, who’s doing an incredible job,” Rodriguez recently told Bloomberg. 

The ex-slugger’s A-Rod Corp has invested more than $5 billion in real estate assets. The firm also manages a SPAC called Slam Corp that attempted to merge with Panini to take the collectibles company public in 2021, but those plans never materialized.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.
Alex Rodriguez, Anthony Towns

Timberwolves’ Playoff Start Is Clouded by a Messy Ownership Dispute

No one knows who the Timberwolves’ owner will be in the future.

Diamond Sports Group Is About to Survive Bankruptcy. Will It Matter?

The bankrupt company faces key questions relating to both programming and distribution.

The Questions Are Mounting for ‘Spulu’ As Lawmakers Demand Answers

A pair of high-powered Congressmen are demanding answers about the forthcoming service.
podcast thumbnail mobile
Front Office Sports Today

Why Ian Rapoport Lives for the NFL Draft’s Chaos

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Nike Cuts Over 700 Jobs In Second Phase of Layoffs

“Nike’s always at our best when we’re on the offense,” the company says.
December 28, 2023

2023 In Review: U.S. Sports Betting Goes Full Tilt

The arrival of ESPN Bet and Fanatics Sportsbook highlights a year of transformation for the business.
March 1, 2024

The Next Women’s Sports Bar Is Inspired by Tennis’s Barrier Breaker

Althea Gibson is the namesake for a bar opening in New York.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
Fanatics is buying auction marketplace PWCC.
December 14, 2023

Trading Card Wars Unfold As Panini and Fanatics Clash in Legal Battles

Fanatics and Panini are embroiled in a lawsuit.
San Antonio Spurs center Victor Wembanyama dribbles up the court in the first half against the Dallas Mavericks at the Frost Bank Center.
November 22, 2023

Wembanyama Spurs Debut Jersey Fetches Record Auction Price

The jersey sold for $762,000 — the most ever for an NBA rookie.
November 14, 2023

Roger Federer-Backed On Is Growing While Others Stumble

Federer backs Swiss athletic shoe and apparel maker On.
Under Armour
November 9, 2023

Under Armour Is Latest Sportswear Giant To See Revenue Drop

North American sales were weak in the most recent quarter.