Minnesota Timberwolves Ownership Transferred to Marc Lore and Alex Rodriguez
The Minnesota Timberwolves and the WNBA's Minnesota Lynx have officially changed hands, with Marc Lore and Alex Rodriguez now owning the teams following a prolonged dispute with former owner Glen Taylor. The transaction, valued at $1.5 billion, was finalized after months of negotiations and legal wrangling, marking a significant shift in the franchises' leadership.
Originally, Taylor had agreed to sell the teams to Lore and Rodriguez in 2021, but tensions arose when Taylor attempted to back out of the deal earlier this year. The dispute reached a resolution when Taylor agreed to transfer full ownership to the new owners, ending the standoff that had captured the attention of sports fans and analysts alike.
This change in ownership is expected to bring new visions and strategies to the Timberwolves and Lynx, as Lore and Rodriguez have expressed their commitment to enhancing team performance and community engagement. The NBA has approved the ownership transfer, setting the stage for a new era in Minnesota basketball.
Detailed News about Marc Lore • Alex Rodriguez • Minnesota Timberwolves
