Marc Lore Rumors

“He doesn’t put himself in a position to fail,” said Gary Vaynerchuk, the high-profile entrepreneur and social media maven who has been a friend and business partner to Lore. “Now he’s at an interesting part of his career where I think he’s going for bigger bets. Flying cars and sports teams. Now I think he’s probably in his ‘let my stretch myself’ mode.”
Marc Lore, 49, and Rodriguez plan to spend $1.5 billion to buy the Timberwolves and Lynx from owner Glen Taylor, who also owns the Star Tribune. The two have a relationship beyond the Timberwolves deal. Lore and Rodriguez also were in the bidding last year to buy the New York Mets, but were eventually outbid by hedge fund billionaire Steve Cohen. Lore is special adviser to Slam Corp., a blank check company formed by Rodriguez and Himanshu Gulati, the founder and chairman of Antara Capital. Slam Corp. announced a $500 million pricing for its initial public offering in February and is looking to merge with a startup in the sports, media or health and wellness industry.