The battle for ownership of the Timberwolves has a new player in the mix: former New York City mayor Michael Bloomberg.

According to The New York Times, Bloomberg has joined Alex Rodriguez and Marc Lore’s ownership team, which is heading to arbitration this summer with longtime owner Glen Taylor after Taylor called off their agreement in March.

Bloomberg is one of the richest people on Earth, worth roughly $106 billion according to Forbes, and would be a major investor to the duo, who currently owns roughly 40% of the Timberwolves and the WNBA’s Minnesota Lynx.