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Marc Lore and Alex Rodriguez, as expected, will officially take over ownership of the Timberwolves and Lynx.

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The NBA’s Board of Governors unanimously approved the sale of the Minnesota Timberwolves and Lynx to Marc Lore and ex-baseball star Alex Rodriguez.

The approval of the Timberwolves' sale makes official a transaction that was initiated in 2021 when Lore and Rodriguez agreed to purchase the franchise from Glen Taylor for $1.5 billion.

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Minneapolis/St. Paul – The NBA Board of Governors has unanimously approved the sale of the controlling interest in the Minnesota Timberwolves and Lynx to Marc Lore and Alex Rodriguez.