Former MLB star Alex Rodriguez is close to finalizing a deal to purchase the Minnesota Timberwolves of the NBA and Minnesota Lynx of the WNBA with backing from billionaire Marc Lore, reports Adrian Wojnarowski of ESPN. Current majority owner Glen Taylor has been looking for someone to buy the sibling franchises since 2020.
“We look forward to entering this phase of the process with Glen Taylor,” Rodriguez and Lore said in a joint statement on Saturday. “Our respect for him and the legacy he has built lays an amazing foundation for what is to come.