• Loading stock data...
Friday, October 10, 2025
One week until Asset Class at the NYSE Request to Attend

Sports Ownership Lore?

  • Lore was part of a bid for the New York Mets put together by Alex Rodriguez and Jennifer Lopez.
  • He is reportedly worth more than $1 billion.
Walmart

Walmart’s e-commerce chief is retiring — and he might be shopping for a sports team. 

Marc Lore joined Walmart in 2016 following the retail giant’s acquisition of his Jet.com e-commerce site. The $3.3 billion deal compensated Lore with at least $250 million in stock, which vested after five years at Walmart. 

Since the acquisition, Lore helped supercharge Walmart’s e-commerce operations. Walmart shares have approximately doubled in those five years.

The 49-year-old has big retirement plans: “I’m writing a book. I’m creating a reality TV show. I’m going to probably buy a sports team. I’m going to continue to mentor female founders.”

Lore is reportedly worth more than $1 billion.

He didn’t expand on his sports aspirations to The Wall Street Journal, but he has some options:

  • The NBA is eyeing two expansion franchises, with a price tag of $2.5 billion each.
  • Minnesota Timberwolves owner Glen Taylor is shopping the team.
  • Real Salt Lake of the MLS are also for sale.

Last summer, Lore was part of the bid for the New York Mets put together by Alex Rodriguez and Jennifer Lopez, which lost out to Steve Cohen.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

Alyssa Lang Joins ESPN NBA Sideline Reporter Ranks

Lang has been a host and reporter for ESPN and SEC Network since 2018.
Aug 3, 2024; Villeneuve-d'Ascq, France; NBA commissioner Adam Silver talks to International Basketball Federation board member Mark Tatum in the fourth quarter between the United States and Puerto Rico during the Paris 2024 Olympic Summer Games at Stade Pierre-Mauroy.

NBA Aims for Drama-Free Return to China After 6-Year Hiatus

The league looks to rebuild its presence in the populous country.

The Yankees’ $319M Roster Flopped. Now Comes the Hard Part: 2026

The MLB club’s current contracts limit its flexibility somewhat for next year.
exclusive

Bud Selig: ‘Remarkable’ Brewers Run Can’t Mask MLB’s Money Divide

The former commissioner lauds his hometown team while raising economic concerns.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Jul 17, 2025; Portrush, IRL; Jason Day hits a shot on the 18th hole during the first round of The 153rd Open Championship golf tournament at Royal Portrush.

Flashy Golf Apparel Brand Malbon Notches $28 Million Raise

Jason Day famously wore the brand at the last two Masters Tournaments.
Ballers in Philadelphia
exclusive
October 6, 2025

Backer of SlamBall, Ballers Armed With $150M for New Fund

The fund will offer sports and entertainment companies deals that don’t involve equity.
April 27, 2025; Anfield, Liverpool, BRITAIN; Liverpool player Mohamed Salah scores the fourth goal against the Tottenham Hotspur in a Premier League match.
October 9, 2025

Tottenham Hotspur Gets $134M Amid Hot Start to Season

The team recently rejected three takeover offers, declaring it is not for sale.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Blake Bortles appears set to exit Jacksonville with a career 24-49 record.
October 1, 2025

Private Equity’s Sports Push Has Entered Overdrive

Athletes like Blake Bortles and Rob Gronkowski are diving into sports investing.
Saudi Arabia’s Public Investment Fund (PIF), one of several premier sponsors for the BNP Paribas Open tennis tournament, as seen on Stadium 2 at the Indian Wells Tennis Garden in Indian Wells, Calif., on March 14, 2024.
September 30, 2025

The Australian Soccer Player Running Saudi PIF’s SURJ Sports

SURJ Sports CEO Danny Townsend says there is “genuine commitment” to social change.
September 30, 2025

Jozy Altidore: Becoming an NFL Owner Is Like Going Back to School

Altidore owns stakes in the Bills and the NWSL’s Bay FC.
Sep 21, 2025; Foxborough, Massachusetts, USA; New England Patriots wide receiver Kyle Williams (18) completes a pass during the third quarter at Gillette Stadium.
September 25, 2025

Patriots Become Fourth NFL Team to Add Private-Equity Investor

The minority stake sales value the team at more than $9 billion.