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NBA Owners Unanimously Approve $1.5B Sale of Wolves, WNBA's Lynx From Taylor to Lore-Rodriguez Group
- On Tuesday, June 24, 2025, the NBA officially authorized the $1.5 billion transfer of ownership for the Minnesota Timberwolves and Lynx from Glen Taylor to Marc Lore and Alex Rodriguez.
- This approval followed a 2021 agreement and a February arbitration ruling that required Taylor to complete the ownership transfer despite a payment dispute.
- Taylor had owned the Timberwolves since 1994, preventing the team's relocation, and introduced the Lynx to the WNBA in 1998 to support women’s basketball and diversity.
- In their farewell message, the Taylors thanked partners and supporters, affirming their continued enthusiasm as spectators who will support future successes and look forward to what lies ahead.
- Lore and Rodriguez expressed their honor in leading the teams into a new chapter and emphasized their dedication to establishing a franchise recognized for exceptional standards and pride in Minnesota.
81 Articles
81 Articles
Popular NBA franchise sells for $1.5 billion following Lakers historic sale
A PROMINENT NBA team has sold for $1.5 billion just days after the sale of the iconic Los Angeles Lakers. The NBA has finally approved a team sale that was among the longest of its kind. GettyJeanie Buss owned the Los Angeles Lakers and sold the NBA for $10 billion in a stunning development last week[/caption] GettyMinnesota Timberwolves star center Rudy Gobert seen being guarded by Lakers’ Rui Hachimura during the first round of the 2024-25 NBA…
NBA Board of Governors approves sale of Timberwolves, Lynx franchise
(Minneapolis, MN) — The NBA says the sale of the Minnesota Timberwolves is official. The league announced the sale of the Timberwolves and the Minnesota Lynx after a unanimous vote made by the NBA Board of Governors on Tuesday. The franchises are being sold for $1.5 billion dollars by Glen Taylor to a group led by former baseball All-Star Alex Rodriguez and businessman Marc Lore. Taylor attempted to cancel the deal last year, but a court-ordered…
Its previous owner bought it for $88 million, and is now selling it for $1.5 billion, a significantly lower price.
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