Overview

• Rodriguez and Lore were formally introduced as the majority owners of the Minnesota Timberwolves and WNBA Lynx at a Las Vegas news conference following the sale’s close.
• The NBA Board of Governors unanimously approved the transaction in late June, ending a four-year acquisition dispute with former owner Glen Taylor.
• The new owners pledged to play unrestricted luxury taxes in pursuit of sustained championship contention over the next two decades.
• Plans were unveiled to privately finance and build a modern arena in Minneapolis to replace the 35-year-old Target Center.
• Rodriguez and Lore previewed the Jump ticketing app, which will enable fans to bid in real time for midgame seat upgrades.