Eric Schmidt has joined Marc Lore and Alex Rodriguez as a part of their possession group to buy the Minnesota Timberwolves.
Lore and Rodriguez have been seeking to increase cash forward of their subsequent name possibility the place they are going to buy an extra 40 p.c within the franchise.
The duo raised at the very least among the cash on this spherical at a $2.1 billion valuation. Lore and Rodriguez bought the Wolves in 2021 at a $1.5 billion valuation.
Schmidt served as CEO and chairman of Google from 2001 to 2011, staying on as chairman by means of 2015. Schmidt was not too long ago a part of the possession group to buy the NFL’s Washington Commanders.
