Alex Rodriguez invests in mixed martial arts company

Alex Rodriguez is betting on the growth of mixed martial arts. The former MLB star is now a partial owner of the Professional Fighters League after he contributed to a $30 million funding round, the company said Thursday. Rodriguez joined media investment firm Waverley Capital in the raise and will have a seat on PFL’s board of directors. Terms of the investment were not disclosed. This marks the second recent pro sports investment for Rodriguez. He became a co-owner of the NBA’s Minnesota Timberwolves in April 2021, joining former Walmart e-commerce executive Marc Lore to buy the franchise for a reported $1.5 billion. Through his A-Rod Corp. firm, he invests in UFC-branded gyms.