A-Rod, Marc Lore Find Investors To Complete Purchase of T-Wolves Despite Hiccups

After hitting a hiccup in their purchase of the Minnesota Timberwolves and WNBA's Minnesota Lynx, famed Yankee Alex Rodriguez alongside his investing partner Marc Lore found the proper funding to complete their final payment for the teams' purchase.

The Athletic's Shams Charania confirmed that Rodriguez and Lore submitted financial documents to complete the purchase of the Timberwolves and Lynx.

TAMPA - FEBRUARY 17:  Infielder Alex Rodriguez of the New York Yankees pauses during a press conference.  (Photo by Al Messerschmidt/Getty Images)

On Tuesday reports surfaced that the sale hit a snag after A-Rod and Lore's partners, Carlyle Investment Group, backed out of the deal.

Since then, a new investment group, Dyal Capital Partners, entered the bid with Rodriguez and Lore to help pay off the remaining amount due for the teams.

A-Rod and Lore were paying off the $1.5 billion price tag for both teams in installments, with the final payment of $600 million due in the coming week. The duo were responsible for $300 million of the final installment, seeking $300 million in additional funds when Carlyle departed. 

A spokesperson on behalf of A-Rod spoke to the Daily Mail, setting expectations for the final payment to be met regardless of their predicament.

A-Rod and Lore's 40 percent stake puts them at a majority, taking over for past majority owner Glen Taylor.

Now that the team's under new ownership … time to retire Kevin Garnett's jersey!

MINNEAPOLIS, MN - APRIL26:  Tom Thibodeau, President of Basketball Operations and Head Coach and Scott Layden, General Manager, of the Minnesota Timberwolves are introduced to the media by Owner Glen Taylor on April 26, 2016 at Target Center in Minneapolis, Minnesota. (Photo by David Sherman/NBAE via Getty Images)

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