According to Adrian Wojnarowski of ESPN, the baseball icon, and now investor is partnering with billionaire Marc Lore to purchase the Timberwolves from Glen Taylor. They are reportedly finalizing the deal. It is worth mentionning that Taylor will retain full control of the team until 2023 before Rodriguez and Lore take over.
Former Major Leaguer Alex Rodriguez and billionaire Marc Lore are finalizing a deal to purchase the Minnesota Timberwolves from majority owner Glen Taylor, sources tell ESPN. Taylor will continue full control of team for two years before Rodriguez and Lore take over in 2023.
— Adrian Wojnarowski (@wojespn) April 10, 2021
Shams also had more details to share.
Alex Rodriguez and partner Marc Lore are nearing minority stakes with the Minnesota Timberwolves, with plan to take control of the franchise in two years under mentorship of Glen Taylor. Statement from A-Rod and Lore: pic.twitter.com/nFDIhil5ra
— Shams Charania (@ShamsCharania) April 10, 2021