Alex Rodriguez and his business partner, Marc Lore, have been in the process of buying the Minnesota Timberwolves from owner Glen Taylor since April 2021. On Thursday, that process came to a shocking and sudden halt.this morning stating Rodriguez and Lore failed to close their transaction acquiring a controlling interest in the Timberwolves and their WNBA sister team, the Minnesota Lynx, within the allotted time period.
It is important to note A-Rod and Lore are both part of the ownership group for the teams, which is why Taylor says he'll continue to work with them in the future. They are only minority owners, however. Taylor remains the majority stake-holder and primary decision-maker.purchased 40 percent of the team
This story does not seem complete, either. Shortly after the announcement of the sale falling through, ESPN's A lot has changed since the ball got rolling in 2021, and not just off the court. The Timberwolves are currently in the middle of their best season in decades, entering Thursday with a 50-22 record, good for second in the Western Conference.
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