ESPN.com · Dec 28, 2023
Sources: Alex Rodriguez, Marc Lore to acquire majority of Timberwolves, Lynx
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Marc Lore and Alex Rodriguez are expected to exercise their option to acquire controlling ownership interest of the NBA's Minnesota Timberwolves and WNBA's Lynx as soon as Thursday, sources told ESPN.
Lore and Rodriguez, who have a Dec. 31 deadline, will be formalizing an intent to purchase a final 40% of the NBA and WNBA franchises from Glen Taylor -- giving Lore and Rodriguez 80% total of the two teams by early 2024, sources said.
Lore and Rodriguez still have more time to raise the necessary money to complete the majority purchase, which will be subject to NBA Board of Governors approval.