T-wolves sale to Lore, A-Rod up for NBA approval
MIAMI, FLORIDA - FEBRUARY 02: Former baseball player Alex Rodriguez looks on before Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. (Photo by Maddie Meyer/Getty Images)
Minnesota Timberwolves owner Glen Taylor has reached agreement on his $1.5 billion sale of the club. He is selling to e-commerce mogul Marc Lore and former baseball star Alex Rodriguez. Taylor previously said the deal was contingent on Lore and Rodriguez keeping the team in Minnesota. Lore and Rodriguez are 50-50 partners. They tried to buy the New York Mets last year but were beaten out for the Major League Baseball club by hedge fund manager Steve Cohen.