December 29, 2023
MINNEAPOLIS, Minn.—Former Major League Baseball star Alex Rodriguez and business partner Marc Lore are expected to exercise their option to buy another 40 percent of the Minnesota Timberwolves and Lynx, giving them controlling interest of both franchises.
They’re expected to move forward with the purchase from current majority owner Glen Taylor. They have a Sunday deadline.
With the move, Rodriguez and Lore will own 80 percent of the teams, pending approval by the NBA Board of Governors. Rodriguez and Lore could have majority ownership wrapped up by early 2024.