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Former Google CEO Eric Schmidt Joins New Wolves' Ownership Group

December 29, 2023
in NBA
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Former Google CEO Eric Schmidt Joins New Wolves' Ownership Group


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 trying to increase cash forward of their subsequent name choice the place they may buy a further 40 % within the franchise. 

The duo raised at the least a number of 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 way of 2015. Schmidt was not too long ago a part of the possession group to buy the NFL’s Washington Commanders.



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Tags: CEOEricFormer Google CEO Eric Schmidt Joins New WolvesGooglegroupJoinsOwnershipSchmidtWolves039
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