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.

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 ...

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 $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 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.

However, former Timberwolves owner Glen Taylor attempted to call off the deal after what he thought was a breach in terms by the buyers, but a three-judge panel ruled in favor of Rodriguez’s team.

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 ...

MINNEAPOLIS -- 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 ...

NEW YORK (AP) — NBA owners approve $1.5B sale of Timberwolves, WNBA's Lynx to investment group led by Marc Lore and Alex Rodriguez.

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 ...

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 ...