After a four-year process, Marc Lore and Alex Rodriguez have officially completed their takeover of the Minnesota Timberwolves NBA team and the Minnesota Lynx WNBA team. The final sale was unanimously approved by the NBA Board of Governors on Tuesday, marking the conclusion of a complex acquisition that began in 2021.
When Did the Takeover Become Official?
The NBA Board of Governors gave their unanimous approval for the final sale on Tuesday, June 24, 2025. This decision brought to a close a protracted process that originally commenced in 2021.
What Was the Deal’s Price Tag?
The transaction is valued at $1.5 billion. This figure includes controlling interests in both the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx.
What Roles Will Lore and Rodriguez Play?
Marc Lore will assume the role of the Timberwolves’ governor and the Lynx’s alternate governor. Meanwhile, Alex Rodriguez will serve as the Timberwolves’ alternate governor and the Lynx’s governor.
Why Did the Sale Take So Long?
The lengthy sale process was largely due to a dispute that arose in March 2024. Former owner Glen Taylor attempted to cancel the sale, alleging that Lore and Rodriguez had missed contractual deadlines. This led to an arbitration process, which ultimately ruled 2-1 in favor of the buyers in February 2025, allowing the sale to proceed.
How Much Had They Acquired Previously?
Before gaining full control, Lore and Rodriguez had already purchased approximately 20% of the Timberwolves and Lynx shares through separate transactions in 2021 and 2023. These earlier acquisitions had also received NBA approval.
What’s Glen Taylor’s History with the Franchise?
Glen Taylor, now 84, bought the Timberwolves in 19
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