NBA Nears Approval of Timberwolves, Lynx Sale
NBA Nears Approval of Timberwolves, Lynx Sale

NBA Nears Approval of Timberwolves, Lynx Sale

News summary

Glen and Becky Taylor are stepping down as owners of the Minnesota Timberwolves and Lynx after more than 30 years, with the NBA Board of Governors preparing to approve the sale to Marc Lore and Alex Rodriguez. The Taylors, who bought the Timberwolves in 1994 and prevented the team's relocation, expressed gratitude in a heartfelt letter to fans, players, and partners. The sale, agreed upon in 2021 for $1.5 billion, is expected to finalize within days, following a lengthy and sometimes contentious process that included legal disputes over purchase deadlines. Lore and Rodriguez are set to usher in a new era focused on championship ambitions and organizational growth. The Taylors affirmed their ongoing support as fans and their connection to the Minnesota basketball community. This transition marks a significant milestone for both franchises.

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