The NBA has officially approved the $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to a group led by entrepreneur Marc Lore and former baseball player Alex Rodriguez. This decision concludes a lengthy and complex negotiation that spanned more than four years. Despite attempts by Taylor to halt the deal last year, it received unanimous approval from the NBA's board of governors. The agreement encompasses the Timberwolves and their WNBA counterpart, the Minnesota Lynx, with plans for a news conference next month in Las Vegas.
The $1.5 billion sale of the Minnesota Timberwolves to Marc Lore and Alex Rodriguez gained NBA approval after a complex process lasting over four years.
Ownership transfer approval for the Timberwolves comes nearly 51 months after the initial deal, marking a significant milestone for both the franchise and its new owners.
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