A-Rod Buys NBA Team: Former Yankee’s New Venture
- The NBA's board of governors has given the green light to the sale of the minnesota Timberwolves and the WNBA's Minnesota Lynx to a group fronted by former...
- Rodriguez and Lore, who previously held minority stakes in the Timberwolves, are set to finalize the $1.5 billion acquisition in the coming days, according to an ESPN report.
- Generic photograph of Minnesota Timberwolves center court logo on December 18, 2022 at Target Center in Minneapolis, Minnesota.
The NBA’s board of governors has unanimously approved the sale of the Minnesota Timberwolves adn Lynx to a group led by Alex Rodriguez and Marc Lore, finalizing a $1.5 billion deal that marks a significant shift. As the new owners, Rodriguez and Lore will now gain full ownership of the Minnesota Timberwolves and Lynx. This decision ushers in a new chapter for both franchises,promising sustained success and deeper community involvement. Long-time Timberwolves owner Glen Taylor is passing the baton after nearly four decades. Lore will be the primary governor, while Rodriguez will serve as the alternate, solidifying their roles within the organization.
This acquisition represents a major move for both Rodriguez and Lore, who have previously held minority stakes in the teams. News Directory 3 will continue to provide updates, with a press conference introducing the new leadership planned for Las Vegas in July. See how the latest changes will reshape the teams, and discover what’s next for the Timberwolves and Lynx.
NBA Board Approves Alex Rodriguez, Marc Lore Purchase of Timberwolves, Lynx
Updated June 25, 2025
The NBA’s board of governors has given the green light to the sale of the minnesota Timberwolves and the WNBA’s Minnesota Lynx to a group fronted by former MLB star Alex Rodriguez and e-commerce entrepreneur Marc lore. The league announced the unanimous approval on Tuesday.
Rodriguez and Lore, who previously held minority stakes in the Timberwolves, are set to finalize the $1.5 billion acquisition in the coming days, according to an ESPN report.
Generic photograph of Minnesota Timberwolves center court logo on December 18, 2022 at Target Center in Minneapolis, Minnesota. (David Sherman/NBAE via Getty Images / Getty Images)
The transfer of controlling interest to Rodriguez and Lore began almost four years prior. Glen taylor originally purchased the Timberwolves in 1994.
Minority team owners Marc Lore (L) and Alex Rodriguez of the Minnesota Timberwolves look on in the second quarter against the Phoenix Suns during game two of the Western Conference First Round Playoffs at Target Center on april 23, 2024 in Minneapoli (David Berding/Getty Images / Getty Images)
A press conference introducing Rodriguez and Lore is planned for July in Las Vegas, coinciding with the NBA summer league. Lore is expected to be the Timberwolves’ primary governor, while rodriguez will serve as the alternate governor.
“We fully recognize the great responsibility that comes with serving as stewards of these remarkable franchises,” Lore stated. “We are committed to building an organization that sets the standard for excellence, is universally admired, and rooted in pride that spans generations.”
Rebekkah Brunson during a jersey retirement ceremony on July 3, 2022 at target Center in Minneapolis, Minnesota. (Adam Bettcher/NBAE via Getty Images / Getty Images)
The NBA released a statement confirming the board’s approval of the sale of controlling interests in both the Timberwolves and lynx from Glen Taylor to Marc Lore and Alex Rodriguez.
The Lynx have secured four WNBA championships as their founding in 1999. while the Timberwolves have yet to win an NBA Finals title, they reached the Western Conference Finals this year.
What’s next
Rodriguez and Lore are expected to usher in a new era for both franchises, with a focus on sustained success and community engagement.