The current owner, Glen Taylor, who bought the franchise back in 1994, will become the minority owner with a 20% stake in the team. He will have the option to sell it to the pair at a later time. Rodriguez and Lore initially bought into the franchise in April 2021. They purchased two installments of 20% of the franchise, which had a valuation of $1.5 billion.

Rodriguez is a former professional baseball player who played on several teams for more than 20 years. His

career started as a shortstop with the Seattle Mariners in 1994 before heading to the Texas Rangers and ending with the New York Yankees (where he won the World Series in 2009) in 2016.

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