Billionaire businessman and former three-term New York City mayor Michael Bloomberg has reached an agreement to join the prospective Minnesota Timberwolves ownership group of Marc Lore and Alex Rodriguez, league sources briefed on the agreement tell The Athletic. Bloomberg, ranked by Forbes in April as the 12th-richest person in the world, brings a major investor to the Lore-Rodriguez group, which currently owns nearly 40 percent of the Timberwolves and WNBA’s Lynx and is in a battle with Glen Taylor for majority control of the franchises.