Marc ‍Lore and Alex Rodriguez ‍Finalize $1.5 Billion Purchase of Timberwolves and⁣ Lynx

MINNEAPOLIS (AP) — Marc Lore and alex Rodriguez have reached an agreement to⁢ acquire 100% ownership ⁤of the Minnesota Timberwolves‍ NBA franchise and the ‌Minnesota Lynx WNBA franchise. The deal, finalized at the previously agreed-upon price of $1.5 billion, ​marks the ‍end of Glen ⁤Taylor’s long ⁣tenure as owner.

End of an Era: Glen Taylor Sells Timberwolves and Lynx

Glen Taylor, who has owned the Timberwolves since 1994, had been⁢ gradually transferring ownership to lore and Rodriguez‌ since 2021. This final agreement officially hands⁣ over control of both franchises to the new ownership ​group.

New Chapter for ⁤Minnesota ​teams: Lore and ⁢Rodriguez Take Over

The new owners, entrepreneur ‌Marc Lore⁤ and former⁣ MLB superstar Alex Rodriguez, are now fully in charge of the Timberwolves, led by star anthony Edwards, and ‍the Lynx. ​The pair will look to build on the existing foundations. It is expected that they will bring fresh perspectives and approaches to managing the teams.

How does teh finalized sale of the Timberwolves and Lynx to Lore and Rodriguez represent a change in ownership length compared to Glen Taylor’s 29-year tenure?

marc Lore and⁣ Alex Rodriguez Finalize $1.5 Billion ‌Purchase of Timberwolves ‍and Lynx

MINNEAPOLIS (AP) — marc Lore and Alex Rodriguez ⁢have reached an agreement to acquire 100% ownership of the Minnesota Timberwolves NBA franchise and the⁤ Minnesota Lynx WNBA franchise. The‌ deal, finalized at⁢ the previously agreed-upon price of ⁤$1.5 billion, marks the end of Glen Taylor’s⁣ long tenure as owner.

End ⁢of⁢ an Era:⁢ Glen ‌Taylor Sells Timberwolves and Lynx

Glen Taylor, ‍who has owned the Timberwolves⁢ since 1994, had been ‌gradually transferring ownership to Lore and Rodriguez since 2021. This final ⁣agreement officially hands over ​control of both franchises to the new ownership group.

New Chapter for Minnesota teams: Lore⁣ and Rodriguez Take Over

The new owners, entrepreneur Marc Lore and former MLB superstar Alex Rodriguez, are now fully in charge of the Timberwolves, led by star Anthony ⁤Edwards, and the ⁢Lynx.The ‍pair will look to build on the existing foundations. ​It is expected⁢ that they ⁢will bring fresh perspectives and approaches to managing the teams.

Q&A:⁢ Timberwolves and Lynx Ownership Change

Q:‍ Who are ​the new owners of ​the Timberwolves and Lynx?

A: The new owners are entrepreneur Marc Lore and⁤ former MLB superstar Alex Rodriguez.

Q: How much did they pay for the teams?

A: The total purchase price was $1.5 billion.

Q:⁣ When‌ did Glen taylor originally⁣ acquire the Timberwolves?

A: Glen⁣ Taylor has owned the Timberwolves since 1994.

Q: What teams are included in‍ this purchase?

A:⁣ The‌ purchase includes⁣ both the Minnesota‍ Timberwolves ‌(NBA) and the Minnesota Lynx (WNBA).

Q: What can fans expect with the⁢ new ownership?

A: ‍Fans can anticipate new perspectives and approaches to managing the teams. The new⁣ owners will‌ likely focus‌ on building on the existing foundations, ‍potentially leading to⁢ exciting new initiatives. Keep an eye out for any‌ changes to team strategies or personnel!

Q: How long has the⁤ ownership transfer been ⁤in ‌progress?

A: ‍The ​ownership transfer has been taking place gradually since 2021.

This monumental deal marks a critically important ​shift for Minnesota basketball. Stay tuned to see how Lore and Rodriguez reshape the⁤ future of the Timberwolves and ‌Lynx!