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Glen Taylor Ends Legal Battle, Clearing Path for Timberwolves and Lynx Sale to Rodriguez and Lore

The $1.5 billion sale now awaits NBA approval as Alex Rodriguez and Marc Lore prepare to assume full ownership of the Minnesota teams.

Apr 12, 2022; Minneapolis, Minnesota, USA; Minnesota Timberwolves co-minority owners Alex Rodriguez and Marc Lore celebrate a victory over the Los Angeles Clippers after a play-in game at Target Center. Mandatory Credit: Nick Wosika-USA TODAY Sports/File photo
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The Timberwolves made a deep postseason run in 2023-24.

Overview

  • Glen Taylor has agreed not to appeal a February 2025 arbitration ruling, ending his opposition to the sale of the Timberwolves and Lynx.
  • The arbitration panel ruled that Alex Rodriguez and Marc Lore did not violate the terms of their original 2021 purchase agreement.
  • Rodriguez and Lore will pay approximately $942 million, held in escrow, to complete the $1.5 billion acquisition and secure 100% ownership.
  • The sale will now go to the NBA for final approval, which Commissioner Adam Silver has indicated is unlikely to face obstacles.
  • Rodriguez and Lore have reaffirmed their commitment to keeping the teams in Minnesota and building competitive franchises.