Marc Lore, Alex Rodriguez Gain Ownership of Timberwolves, Lynx

Marc Lore and Alex Rodriguez have officially been awarded majority ownership of the Minnesota Timberwolves and Lynx after an arbitration panel ruled in their favor against longtime owner Glen Taylor. The decision allows Lore and Rodriguez to move forward with the acquisition, which Taylor had attempted to cancel despite previously agreeing to the sale. They expressed excitement about the ruling and their commitment to working with the NBA to finalize the transaction, aiming to focus on winning championships for fans. Taylor's ownership, which began in 1994, could come to an end if the NBA Board of Governors approves the sale. The new owners have substantial financial backing, with over $900 million secured for the purchase. The ruling marks a significant milestone in what has been a protracted and contentious ownership transition process.