After nearly 30 years, the Minnesota Timberwolves are reportedly set to be under new majority ownership.
Entrepreneur Marc Lore and former All-Star MLB infielder Alex Rodriguez will take full control of the Timberwolves and the WNBA’s Minnesota Lynx “as soon as Thursday,” according to a Thursday afternoon report from ESPN’s Adrian Wojnarowski.
Lore, 52, and Rodriguez, 48, gradually began their takeover in the spring of 2021. The duo previously purchased 40% of the franchises for $600 million.
Per Wojnarowski, this transaction is expected to end with Rodriguez and Lore controlling 80% of the two teams and Taylor controlling 20%.
Under Taylor’s long, occasionally tumultuous stewardship, the Timberwolves have made 11 playoff appearances—though the franchise has yet to win a conference title in its 35-year existence. The Lynx, conversely, have a quartet of WNBA titles to their name in that span.
The Timberwolves currently sit in first place in the Western Conference with a record of 22-7.
