Report: Carlyle Group not backing A-Rod, Marc Lore in deal for Wolves
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With just one payment left to claim ownership of 80 percent of the Minnesota Timberwolves, former baseball star Alex Rodriguez and Marc Lore will no longer be financially backed by the Carlyle Group, Sportico reported Tuesday.
It was unclear why the Carlyle Group was out, as the NBA told Sportico in a statement that the league "did not deny Carlyle's proposed investment."