The NBA has officially approved the $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group headed by Marc Lore and Alex Rodriguez. This decision concludes a complex and lengthy negotiation process that lasted nearly four years and involved various disputes. The unanimous vote by the board of governors marks a significant milestone in the ownership transition, which also encompasses the Minnesota Lynx. An introductory news conference for Lore and Rodriguez is set for next month in Las Vegas during the NBA Summer League.
The $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group led by Marc Lore and Alex Rodriguez has received NBA approval.
The ownership transfer, initially signed nearly 51 months ago, is now finalized after a lengthy process, culminating in a unanimous vote from team owners.
Collection
[
|
...
]