NBA Board Approves Rodriguez, Lore Ownership of Timberwolves, Lynx

Alex Rodriguez and Marc Lore have officially become the controlling owners of the Minnesota Timberwolves and Minnesota Lynx following unanimous approval from the NBA's Board of Governors, concluding a complex nearly four-year process. The $1.5 billion sale from longtime owner Glen Taylor, who held the franchises since 1994, is expected to close within days, with an introductory press conference planned for July during the NBA Summer League in Las Vegas. Rodriguez and Lore, both of whom previously held minority stakes in the Timberwolves, expressed a strong commitment to maintaining the teams in Minnesota and enhancing their success, with Lore set to serve as the primary governor and Rodriguez as alternate governor. While the Lynx have won four WNBA championships, the Timberwolves have yet to claim an NBA Finals title but recently reached the Western Conference Finals. A major focus for the new owners is securing a new arena to improve revenue generation, as they view the current Target Center as inadequate for long-term business goals. Their shared vision emphasizes building franchises that are exemplary, widely admired, and rooted in community pride.