By Four years after starting the process to take over, Marc Lore and Alex Rodriguez are officially in charge of the Minnesota Timberwolves.
The NBA Board of Governors unanimously approved the sale on Tuesday of the controlling interests in both the Timberwolves and the WNBA’s Minnesota Lynx from Glen Taylor, whose ownership of the Timberwolves comes to an end after 31 years.
In a $1.5 billion transaction that is expected to close this week, Lore and the three-time Major League Baseball MVP Rodriguez will serve as co-chairmen. Lore will sit as the Timberwolves’ governor while Rodriguez will become alternate governor. Those roles flip for the Lynx.
