After paying a franchise-record $90.4MM in luxury tax penalties last season, the Timberwolves are now under new ownership. But the transfer from Glen Taylor to Marc Lore and Alex Rodriguez won’t make the team any less inclined to pay a tax bill, according to Mike Vorkunov of The Athletic.
The Minnesota Timberwolves settle into a new era with Alex Rodriguez and Marc Lore as their new owners. The former is proud to have his new responsibility.
Finally, the Minnesota Timberwolves’ ongoing ownership transfer has concluded. Glen Taylor is out after decades in charge, Marc Lore and Alex Rodriguez are in.
How many of the career leaders for games played in the NBA can you name in five minutes?
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
The NBA Board of Governors has unanimously approved the sale of the controlling interests in the Minnesota Timberwolves and the WNBA’s Minnesota Lynx from Glen Taylor to Marc Lore and Alex Rodriguez, the league announced in a press release. The transaction is expected to close this week.
It's official: The NBA Board of Governors has unanimously voted to approve the $1.5 billion sale of the Minnesota Timberwolves and Lynx franchises from Glen Taylor to Marc Lore and Alex Rodriguez, the league announced on Tuesday.
With Alex Rodriguez and Marc Lore set to take over as the new owners of the Minnesota Timberwolves and Minnesota Lynx, previous owner Glen Taylor and his wife, Becky, have bid farewell to the organization. They were in charge of the team for three decades.
Ever since Alex Rodriguez and Marc Lore first agreed to purchase the Timberwolves from Glen Taylor in 2021, it has seemed logical that the new ownership group would look to replace Target Center with a modernized arena.
In late March 2024, Minnesota Timberwolves majority owner Glen Taylor decided that he no longer wanted to sell the team. In 2021, Glen Taylor decided to sell the Minnesota Timberwolves, opting for a structured ownership transition.
Now that Glen Taylor is transferring 100% ownership of the Timberwolves and Lynx to Marc Lore and Alex Rodriguez, the next order of business might be getting Kevin Garnett back in good graces with the organization that drafted him in 1995.
Recently, the years-long saga regarding the future ownership of the Minnesota Timberwolves came to an end when it was revealed that Glen Taylor had agreed to sell the team, along with the Minnesota Lynx, to the Marc Lore-Alex Rodriguez group for $1.5 billion, per Shams Charania and Brian Windhorst of ESPN.
Marc Lore and Alex Rodriguez have finalized an agreement with Glen Taylor to acquire 100% ownership of the Minnesota Timberwolves and Minnesota Lynx, sources told ESPN.
Glen Taylor has agreed to transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday.
Glen Taylor has agreed to the Marc Lore-Alex Rodriguez group acquiring 100% ownership of the Minnesota Timberwolves and Minnesota Lynx at the same $1.5 billion price the sides agreed on in 2021, sources told ESPN.
Longtime Timberwolves owner Glen Taylor has decided not to appeal an arbitration ruling in favor of Marc Lore and Alex Rodriguez and will sell his controlling interest in the franchise to the minority stakeholders, reports Shams Charania of ESPN (via Twitter).
After four years of drama, we go to the scorecards and the arbitrators have rendered their decision in the fight between Glen Taylor and Marc Lore and Alex Rodriguez — the winner, by majority decision, is Lore and Rodriguez.
Monday could be a monumental day in Minnesota Timberwolves and Lynx history as a ruling from a panel of arbitrators is expected to reveal who will win the ownership dispute: Glen Taylor or Marc Lore and Alex Rodriguez.
Ahh, the Minnesota Timberwolves ownership battle. At this point, we’ve heard more about the feud between Glen Taylor and the Marc Lore + Alex Rodriguez ownership group than any of us ever could have imagined, when the deal was announced three years ago.
The Minnesota Timberwolves season is long over. In fact, the entire NBA season is over. Congratulations to the Boston Celtics. Glad to see the title went to a town that had to wait its turn (lol).
The Minnesota Timberwolves are now eliminated from the NBA Playoffs meaning reporters are sure to unload a laundry list of notebook items they have been holding onto while the Wolves were still vying for an NBA title.
The Minnesota Timberwolves will play against the Denver Nuggets on Sunday night in game four of the Western Conference semifinals and sitting in the front row, right next to the Wolves’ bench will be the majority owner (for now) Glen Taylor.
Alex Rodriguez's failed ownership bid with Marc Lore for the Timberwolves might be a home run for the teams' fans.
Alex Rodriguez and his partner thought they were taking over the Minnesota Timberwolves. But in the aftermath of his breakup with Jennifer Lopez, he just didn't have the cash.
A majority stake in Minnesota Timberwolves will no longer be sold to the ownership group being led by former baseball star Alex Rodriguez and Marc Lore, team owner Glen Taylor said in a press release from the team.
On the eve of their season opener, the Minnesota Timberwolves long-awaited change in primary ownership could be put on hold.
It's believed the new ownership group must keep the clubs in Minnesota per the terms of the agreement.
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