Four years after beginning the takeover process, Marc Lore and Alex Rodriguez have officially assumed control of the Minnesota Timberwolves and WNBA’s Minnesota Lynx.
Here’s all you need to know about the deal:
When did Marc Lore and Alex Rodriguez officially take over the Minnesota Timberwolves and Lynx?
On Tuesday, the NBA Board of Governors unanimously approved the final sale, concluding a drawn-out process that began in 2021.
How much did the deal cost?
The transaction is valued at $1.5 billion and 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 serve as the Timberwolves’ governor and Lynx’s alternate governor.
Alex Rodriguez will be the Timberwolves’ alternate governor and Lynx’s governor.
Why did the sale process take so long?
While the initial agreement began in 2021, Glen Taylor attempted to cancel the sale in March 2024, claiming Lore and Rodriguez missed contractual deadlines. The dispute went to arbitration, which ruled 2-1 in favor of the buyers in February 2025.
How much of the team had they previously acquired?
Before gaining full control, Lore and Rodriguez had already purchased about 20% of the Timberwolves and Lynx shares in 2021 and 2023, transactions that were also approved by the NBA.
What’s Glen Taylor’s history with the franchise?
Taylor, now 84, bought the Timberwolves in 1994 for $88 million. After more than three decades, he exits with a massive return on investment.
(With inputs from Reuters)
