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Sale of Timberwolves to Marc Lore, Alex Rodriguez for $1.5B officially approved by NBA Board of Governors
The NBA announced Tuesday afternoon that the league's Board of Governors has unanimously approved the sale of the Minnesota Timberwolves from Glen Taylor to new owners Marc Lore and former MLB star Alex Rodriguez. The transaction, which is expected to close this week, also includes ownership of the WNBA's Minnesota Lynx.
New owners Lore and Rodriguez will assume full leadership responsibility for the Timberwolves, Lynx and Iowa Wolves.
Glen Taylor and his wife Becky are saying goodbye after three decades of ownership of the Minnesota Timberwolves.
Ryan Tanke has been with the organization since 2006, and the COO since 2019, while Ethan Casson has been the CEO since 2016.
Lore and Rodriguez initially agreed to buy the team in a three-part sale that included 36% of the team changing hands for ...
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