Alex Rodriguez and Marc Lore to Reach Agreement to Purchase the Minnesota Timberwolves, Lynx
It looks like the T-Wolves have a new owner: former MLB shortstop and third baseman Alex Rodriguez and tech entrepreneur Marc Lore.
According to The Athletic’s Shams Charania, A-Rod and Lore have reportedly reached an agreement to purchase the franchise for $1.5 billion from current-owner Glen Taylor. Reports also say that the deal includes the WNBA’s Minnesota Lynx.
Shams followed up his initial report with another tweet, adding that the paperwork is expected to be signed “shortly”, and both Rodriguez and Lore are “50/50 partners.”
Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have reached agreement to purchase the Minnesota Timberwolves from Glen Taylor for $1.5 billion, sources tell @TheAthletic @Stadium.
— Shams Charania (@ShamsCharania) May 13, 2021
According to the Star Tribune, Taylor is expected to remain the owner until 2023. He purchased the franchise in 1994 for approximately $90 million, per CNBC.
