{"id":379097,"date":"2024-03-20T14:55:47","date_gmt":"2024-03-20T13:55:47","guid":{"rendered":"https:\/\/sportando.basketball\/?p=379097"},"modified":"2024-03-20T14:55:47","modified_gmt":"2024-03-20T13:55:47","slug":"carlyle-group-withdraws-from-timberwolves-deal-as-deadline-approaches","status":"publish","type":"post","link":"https:\/\/sportando.basketball\/en\/carlyle-group-withdraws-from-timberwolves-deal-as-deadline-approaches\/","title":{"rendered":"Carlyle Group Withdraws from Timberwolves Deal as Deadline Approaches"},"content":{"rendered":"<p>The Carlyle Group has withdrawn from financing Marc Lore and Alex Rodriguez&#8217;s upcoming payment for acquiring the Minnesota Timberwolves, creating uncertainty just before the deadline for the deal that would give them control over the NBA team and the WNBA&#8217;s Minnesota Lynx.<\/p>\n<p>Despite months of discussions, Carlyle and the NBA couldn&#8217;t agree on an investment structure. Timberwolves owner Glen Taylor mentioned a $300 million financing issue for this round, with the payment due by the end of March to increase Lore and Rodriguez&#8217;s ownership to 80%.<\/p>\n<p>The duo is seeking alternative financing sources, remaining optimistic about closing the deal, which still requires NBA Board of Governors&#8217; approval. Initially agreed in 2021, the purchase values the Timberwolves and Lynx at about $1.5 billion, with the latest funding round valuing the teams at $2.1 billion.<\/p>\n<p>Carlyle&#8217;s exit doesn&#8217;t reflect a reduced interest in sports investments, as they are involved in other sports-related acquisitions. The Timberwolves are valued at $2.8 billion, and the NBA stated Carlyle&#8217;s investment was not denied.<\/p>\n<p><a href=\"https:\/\/www.sportico.com\/leagues\/basketball\/2024\/carlyle-group-timberwolves-purchase-lore-rodriguez-1234771518\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Carlyle Group has withdrawn from financing Marc Lore and Alex Rodriguez&#8217;s upcoming payment for acquiring the Minnesota Timberwolves<\/p>\n","protected":false},"author":146,"featured_media":371773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_spbk_hide_featured":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[399],"tags":[538],"rumors":[],"typology":[],"posizionamento":[],"class_list":["post-379097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba","tag-minnesota-timberwolves-en"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/sportando.basketball\/wp-content\/uploads\/sites\/5\/2024\/02\/Minnesota-Timberwolves.jpg","digistream_id":0,"digistream":false,"_links":{"self":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/379097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/users\/146"}],"replies":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/comments?post=379097"}],"version-history":[{"count":0,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/379097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media\/371773"}],"wp:attachment":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media?parent=379097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/categories?post=379097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/tags?post=379097"},{"taxonomy":"rumors","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/rumors?post=379097"},{"taxonomy":"typology","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/typology?post=379097"},{"taxonomy":"posizionamento","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posizionamento?post=379097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}