Timberwolves Sale: Lore & Rodriguez Approved – $1.5B Deal
- The NBA's Board of Governors has unanimously given the green light to the sale of the Minnesota Timberwolves and Minnesota Lynx to marc lore and former MLB star...
- Lore, founder, chairman and CEO of Wonder Group, and rodriguez, a former MLB All-Star and World Series champion with the New York Yankees, will share leadership roles.
- The transition is expected to be seamless, with Lore and Rodriguez eager to begin their stewardship of the Minnesota Timberwolves and Lynx.
The Minnesota Timberwolves and Lynx now have new ownership! The NBA approved the $1.5 billion sale to a group lead by Marc Lore and Alex Rodriguez.This meaningful transaction, closing soon, signals a major shift for the Timberwolves, with new leadership poised to guide the franchise. Lore will take the Governor role for the Timberwolves, and Rodriguez will serve as Alternate Governor while switching roles for the Lynx. Stay informed with extensive coverage from News Directory 3. Learn about the new strategic direction the investment group will set for the primarykeyword and secondarykeyword, the Timberwolves and Lynx basketball teams. Discover what’s next …
Timberwolves Sale Approved: Lore, Rodriguez Take Over Minnesota Teams
Updated June 25, 2025
The NBA’s Board of Governors has unanimously given the green light to the sale of the Minnesota Timberwolves and Minnesota Lynx to marc lore and former MLB star Alex Rodriguez. The deal, expected to close this week, marks a new era for the Minnesota Timberwolves and Lynx basketball franchises.
Lore, founder, chairman and CEO of Wonder Group, and rodriguez, a former MLB All-Star and World Series champion with the New York Yankees, will share leadership roles. Lore will serve as team Governor for the Timberwolves,with Rodriguez as Alternate Governor. For the Lynx, Rodriguez will be Governor and Lore the Alternate Governor.
What’s next
The transition is expected to be seamless, with Lore and Rodriguez eager to begin their stewardship of the Minnesota Timberwolves and Lynx. Further details regarding their plans for the teams are expected to be released following the closing of the transaction.