Timberwolves, Lynx Sold to Lore, Rodriguez for $1.5B

The NBA Board of Governors has unanimously approved the $1.5 billion sale of the Minnesota Timberwolves and WNBA’s Minnesota Lynx from outgoing owner Glen Taylor to Marc Lore and Alex Rodriguez, finalizing an ownership change that was four years in the making. The transaction, expected to close this week, faced delays and a legal dispute earlier in the year when Taylor attempted to cancel the deal over missed payment deadlines, but Lore and Rodriguez ultimately prevailed in arbitration. Lore will serve as the Timberwolves governor and Rodriguez as alternate governor, with the roles reversed for the Lynx, and both will act as co-chairmen. Taylor departs after 31 years as owner, having purchased the Timberwolves in 1994 and kept them in Minnesota. The sale coincides with a surge in NBA franchise values and the Timberwolves' recent Western Conference finals appearance. Lore and Rodriguez have pledged to build a championship culture and an organization admired across generations.