Breaking News: Alex Rodriguez and Marc Lore Complete Acquisition of Minnesota Timberwolves and Lynx

Unanimous Approval from NBA Board of Governors

Former Yankees Star and E-commerce Billionaire Join Ownership Group

Alex Rodriguez, the celebrated former New York Yankees legend, and Marc Lore, the visionary e-commerce titan, have officially become the new owners of the Minnesota Timberwolves and Minnesota Lynx. The announcement, made on March 28, 2024, at 9:47 AM CDT, marks a significant milestone for both the NBA franchise and the city of Minneapolis.

Rodriguez, who has been a part of the Timberwolves ownership group since 2021, has played a key role in securing Lore's involvement. Together, they have assembled an impressive roster of investors, including Eric Schmidt, the former CEO of Google. With their collective experience and resources, they aim to elevate the Timberwolves and Lynx to new heights.

After months of negotiations and due diligence, the NBA Board of Governors unanimously approved the sale. This endorsement underscores the confidence that the league has in Rodriguez, Lore, and their ownership group to lead the franchise into a prosperous future.