The Minnesota Timberwolves have officially changed hands, marking a significant moment in NBA history. The $1.5 billion sale, approved by the league on June 25, 2025, transfers ownership from Glen Taylor to a group led by Marc Lore and Alex Rodriguez. This transition comes after a lengthy and contentious negotiation process spanning over four years.
- Timberwolves sold for $1.5 billion
- Marc Lore and Alex Rodriguez as co-chairmen
- Ownership transfer approved after four years
- Glen Taylor's legacy as team owner
- Timberwolves' historical performance struggles
- Lynx valued between $230-240 million
With the unanimous approval from the NBA’s board of governors, the deal includes the WNBA’s Minnesota Lynx and is set to close imminently. Lore and Rodriguez plan to introduce themselves at a press conference during the NBA Summer League next month, emphasizing their commitment to excellence and community engagement.
This ownership change raises questions about the future of the Timberwolves and their potential for success. Can Lore and Rodriguez turn the franchise around and build a winning culture? Here are some key developments:
- The Timberwolves have the worst all-time regular season record among current NBA franchises.
- Lore and Rodriguez are committed to keeping the teams in Minnesota.
- The franchise’s value has surged, now estimated between $3.1 billion and $3.29 billion.
- Rodriguez aims to leverage his sports experience to foster a winning environment.
