One is a brilliant businessman and entrepreneur. The other was one of the best baseball players of his generation.
Together, Marc Lore and Alex Rodriguez are the next owners of the Minnesota Timberwolves and Lynx. We know that to be true, and now we also know this: They will ask local officials for support in building a new arena in the near future.
Now, they didn't come out and say that exactly Monday when they joined majority owner Glen Taylor on stage at their practice facility at Mayo Clinic Square. When A-Rod was asked about the future of the franchise, he said: "We have no plans to move. We want to be right here."
Both Rodriguez and Lore indicated they will own residences here and will be around the team as much as possible. Rodriguez also said they are "bullish" on the Twin Cities and its corporate firepower. Words will not be enough to keep Wolves fans from feeling a little uneasy about the future of the franchise when the sale of the team involves owners with no local ties. With Seattle and Las Vegas emerging as potential relocation options, there's a possible exit strategy for Lore, 50, and Rodriguez, 46, to activate.
Better start hiring the architects.
Owners don't get into this game without looking at ways to maximize revenue. That can be generated through a state-of-the-art facility with all the bells, whistles and price points. Lore and Rodriguez are no different.
Yes, you are correct. Target Center underwent a $145 million renovation that was completed in 2017. There are new seats, an updated scoreboard and a nice sound system. Guess what? I can vacuum the floor of my Chevy and repair the cigar burns on the seats. At the end of the day, it's still a Chevy. Target Center was originally built in 1990, so it's not surprising that the new owners would want an upgrade.
The team's lease to play in Target Center expires after the 2034-35 season, with a $50 million penalty if owners choose to break it. Fifty million, however, is no huge hurdle in modern pro sports money.