It’s official: Alex Rodriguez and entrepreneur Marc Lore are the new part owners of the Minnesota Timberwolves and WNBA’s Minnesota Lynx.
The NBA’s Board of Governors approved the sale of the first 20 percent of the teams to the baseball great and the investor Lore. The pair will be controlling owners in two years.
“Today is a historic day for my family and me,” Rodriguez posted to Twitter. “After growing up witnessing my mother work two jobs, I never dreamed this would be possible.”
Current owner Glen Taylor agreed to sell the franchises to Rodriguez and Lore for $1.5 billion.
“We are honored to officially join Glen Taylor and the ownership group,” the pair said in a statement. “In this next chapter, we look forward to working with the organization, getting to know the players and devoted fans, and actively engaging the community.”
Big day for me and @AROD – so proud to officially be a part of the @Timberwolves & @MinnesotaLynx organization.Looking forward to working with Glen & Becky Taylor and getting to know the players, fans, and community as we kick off this exciting chapter of Minnesota basketball. pic.twitter.com/qaXTXLmNcc