Timberwolves, Lynx sale with Alex Rodriguez: Everything we know

Mar 28, 2024 · Alex Rodriguez and his business partner, Marc Lore, have seemingly been working toward becoming the majority owners of the Minnesota Timberwolves and Lynx for the …

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Timberwolves Sale: Alex Rodriguez, Marc Lore Complete New $290 …

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Mar 28, 2023 · Major League Baseball legend Alex Rodriguez and billionaire businessman Marc Lore completed a new $290 million payment towards their purchase of the Minnesota …

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Minnesota Timberwolves Sale: What We Know About Alex …

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Apr 1, 2024 · Taylor, who bought the Timberwolves in 1994 for approximately $94 million, agreed to sell 80% of the Timberwolves and Lynx to Rodriguez and Lore over a three-year period at a …

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FAQs about Timberwolves, Lynx sale with Alex Rodriguez: Everything we know Coupon?

Will the Minnesota Timberwolves be sold to Alex Rodriguez and Marc Lore?

An agreement for a majority stake of the Minnesota Timberwolves and Lynx franchises to be sold to Alex Rodriguez and Marc Lore has fallen through, Taylor Sports Group, Inc chairman Glen Taylor confirmed Thursday, March 28. ...

Will the Timberwolves sell the Lynx in 2021?

Alex Rodriguez, Marc Lore and Glen Taylor laugh during a news conference announcing the potential sale of the Timberwolves and Lynx in 2021. (Carlos Gonzalez/The Minnesota Star Tribune) ...

Who owns Minnesota Lynx & Timberwolves?

(AP Photo/Abbie Parr) Glen Taylor will remain as the controlling owner of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx after former MLB player Alex Rodriguez and entrepreneur Marc Lore missed a deadline to buy a controlling interest. ...

What happened to the Timberwolves & Lynx?

The Timberwolves and Lynx are no longer for sale after the expiration of the option of Lore and Rodriguez to acquire controlling interest in the franchises. Here is more from the franchise's statement: Under terms of the purchase agreement, the closing was required to occur within 90 days following the exercise notice issued by Lore and Rodriguez. ...

What happens if lore & Rodriguez buy the Timberwolves?

When Taylor first reached an agreement with Lore and Rodriguez on a step-by-step purchase of the team, he envisioned a scenario in which the third payment would give Lore and Rodriguez controlling interest in the Timberwolves and the Lynx of the WNBA. Taylor would remain on as a limited partner with a 20 percent holding. ...

Are Timberwolves 'no longer for sale'?

Lawyers for Timberwolves and Lynx owner Glen Taylor and lawyers for minority owners Marc Lore and Alex Rodriguez will start an arbitration hearing this week over the legalities of Taylor’s claim in March that the teams were “no longer for sale.” ...