Tuesday December 5, 2023

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
Linkedin
Copy Link
Link Copied
Link Copied

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
Copy Link
Link Copied
Link Copied

What to Read

Oakland Athletics center fielder Esteury Ruiz (1) tosses the ball to left fielder Brett Rooker (25) after making an out against the Atlanta Braves during the ninth inning at Oakland-Alameda County Coliseum.

Where Will the A’s Play After Next Year? It’s Getting Complicated

Roster development, RSN money further cloud an already-complex decision.

MLB Clubs Brace for Record Player Spending As Winter Meetings Kick Off

Expected record-level contract for Ohtani set to highlight offseason activity.

Ohtani's Future Deal Takes Center Stage As Winter Meetings Kick Off

The two-way phenom is expected to sign the largest-ever player contract in U.S. team sports.
Dallas Mavericks guard Luka Doncic looks to move the ball past Houston Rockets forward Jabari Smith Jr. during the second quarter at the American Airlines Center.

The NBA Has Autumn Relevance Thanks To In-Season Tournament

The league set a new attendance record in the month of November.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals

0:00
0:00

Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Wasserman
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
Mark Cuban and Dallas Mavericks.

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

Miriam Adelson is selling a portion of her Las Vegas Sands Corp stock.
New York Knicks executive chairman James Dolan watches during the first quarter against the Cleveland Cavaliers at Madison Square Garden.
November 22, 2023

Knicks Owner Resigns From NBA Committees Amid Lawsuit

The Knicks are suing the Toronto Raptors for $10 million.
Carolina Panthers quarterback Bryce Young hugs team owner David Tepper on the field prior to the game against the Atlanta Falcons at Mercedes-Benz Stadium.
November 27, 2023

David Tepper’s Reign Marred by Firings

Between the Panthers and Charlotte FC, Tepper has fired five head coaches.
Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Arizona Cardinals owner Michael Bidwill looks on against the Baltimore Ravens during the second half at State Farm Stadium.
November 1, 2023

Arizona Cardinals Owner Michael Bidwill Accused of Workplace Misconduct

Former COO Ron Minegar describes a “deep culture problem” within the organization.
Miami Marlins chief executive officer Derek Jeter watches batting practice prior to the game against the Los Angeles Dodgers at loanDepot park.
October 18, 2023

Former Miami Marlins President Says Bruce Sherman Fired Derek Jeter

David Samson told FOS that Derek Jeter failed to meet revenue goals.
Miami Marlins general manager Kim Ng looks on from the field prior to the game against the New York Mets at loanDepot Park.
October 16, 2023

Trailblazing GM Kim Ng Departs Miami Marlins

Miami reportedly considered hiring a president of baseball operations to oversee Ng.
October 11, 2023

Goodell On Track For Extension, $700M In Career Earnings

Months in development, new three-year contract again said to be close.