Sports
It's Official: Alex Rodriguez Is A Part Owner Of MN Timberwolves
The NBA approved the succession plan Tuesday that will transfer ownership control from Glen Taylor to Alex Rodriguez.
MINNEAPOLIS — Former New York Yankees player Alex Rodriguez and his business partner, Marc Lore, officially became part owners of the Minnesota Timberwolves and Lynx Tuesday after the NBA Board of Governors approved the succession plan for the two basketball franchises.
ESPN's Adrian Wojnarowski was the first to break the news, noting that Lore and Rodriguez are now "limited partner."
Lore and Rodriguez join Glen Taylor’s ownership group as part of an anticipated succession plan that includes a two and a half year pathway to control. https://t.co/T2CeFRird2
— Adrian Wojnarowski (@wojespn) July 20, 2021
In May, Timberwolves owner Glen Taylor agreed to sell the teams to Rodriguez and Lore reportedly for $1.5 billion.
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