The sale of the Timberwolves to Marc Lore and Alex Rodriguez has been unanimously approved by the NBA’s board of governors, per source. It’s done. — Tim Reynolds (@ByTimReynolds) June 24, 2025 ...

The Timberwolves are now officially under the ownership of a group led by Alex Rodriguez and Marc Lore after a years-long saga that finally ended with the recent sale of the team.

The $1.5 billion sale of the franchises, first agreed upon in 2021, hit a snag in early March 2024, when Taylor tried to cancel the sale, claiming the new owners hadn’t met payment deadlines.

The $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group led by e-commerce entrepreneur Marc Lore and former baseball star Alex Rodriguez gained NBA approval on ...

FILE - Minnesota Timberwolves minority owners Marc Lore, middle left, and Alex Rodriguez, middle right, watch during the second half of an NBA basketball game against the New York Knicks, Dec. 19 ...

Marc Lore and Alex Rodriguez have acquired full control of the Timberwolves, pending the transfer process and a vote by the NBA's board of governors. They won their arbitration dispute with ...

For Minnesota Timberwolves owner Glen Taylor, those include agreeing to pay Joe Smith under the table, lording over a franchise that managed just two playoff series wins with Kevin Garnett in his ...

The Timberwolves have a lease at the Target Center through 2035, although the buyout is $50 million -- roughly 1.3% of the $1.5 billion purchase price.

Minnesota Timberwolves owner Glen Taylor chats with his wife, Becky, in the second half of Game 1 of an NBA basketball second-round playoff series, May 4, 2024, in Denver. Credit: AP ...

NBA owners unan­i­mously approve $1.5B sale of Wolves, WNBA's Lynx from Taylor to Lore-Rodriguez group BY Associated Press Minneapolis PUBLISHED 7:23 PM ET Jun. 24, 2025 ...

FILE - Minnesota Timberwolves minority owners Marc Lore, middle left, and Alex Rodriguez, middle right, watch during the second half of an NBA basketball game against the New York Knicks, Dec. 19 ...