Connect with us

Minnesota Timberwolves

Timberwolves, Lynx Announce Marc Lore, Alex Rodriguez to Ownership Group



Minnesota Timberwolves

The Minnesota Timberwolves and WNBA’s Minnesota Lynx collectively welcomed Marc Lore and former MLB superstar Alex Rodriguez, who will assume 20% control of the Wolves, to their ownership group on Wednesday.

On Tuesday, the NBA’s Board of Governors conducted a vote today to formally approve Lore and Rodriguez as minority shareholders in the Timberwolves on Tuesday, according to ESPN’s Adrian Wojnarowski.

Rodriguez and Lore reached an agreement with Wolves owner Glen Taylor that will see the pair take majority control of the franchise as time progresses, and the succession plans call for that to come into action by the 2023-2024 season.

“We are pleased to officially welcome Marc Lore and Alex Rodriguez to the Minnesota Timberwolves and Lynx family. Together with Marc and Alex, we take another step forward in building a world-class organization both on and off the court.” Taylor said in the official statement.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.