does arod own the timberwolves ?

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Introduction

Former baseball player Alex Rodriguez and entrepreneur Marc Lore have finalized the purchase of an additional 20% of the Minnesota Timberwolves franchise, including the Lynx, from Glen Taylor. This purchase brings their ownership stake to 40%, and they are expected to assume majority control in 2024.

Key Points:

  • Alex Rodriguez and Marc Lore have purchased an additional 20% of the Timberwolves franchise, bringing their total ownership stake to 40%.
  • The purchase includes the Lynx, the WNBA team affiliated with the Timberwolves.
  • The sale was finalized with previous owner Glen Taylor, who is expected to retain control of the team until 2024.
  • Rodriguez and Lore are expected to assume majority control of the team in 2024.

The purchase of the additional 20% of the Timberwolves franchise by Alex Rodriguez and Marc Lore solidifies their position as major stakeholders in the team. The sale includes the Lynx, the WNBA team affiliated with the Timberwolves, and brings their ownership stake to 40%.

The sale was finalized with previous owner Glen Taylor, who had previously announced his intention to sell the team to Rodriguez and Lore. However, he will retain control of the team until 2024, at which point Rodriguez and Lore are expected to assume majority control.

Alex Rodriguez and Marc Lore have been vocal about their plans for the Timberwolves franchise, which include revitalizing the team’s performance on the court and enhancing the fan experience. They have also expressed a commitment to diversity and inclusion, stating that they plan to build a team that reflects the community in which it plays.

Conclusion:

Alex Rodriguez and Marc Lore have solidified their position as major stakeholders in the Minnesota Timberwolves franchise with the purchase of an additional 20% of the team. This brings their total ownership stake to 40%, and they are expected to assume majority control in 2024. The sale includes the Lynx, the WNBA team affiliated with the Timberwolves. Rodriguez and Lore have expressed a commitment to revitalizing the team’s performance and enhancing the fan experience, as well as building a team that reflects the community in which it plays.

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