Alex Rodriguez And Marc Lore Have Reached An Agreement To Purchase The Minnesota Timberwolves 

A couple of day ago, we reported that the 30-day deadline for billionaire Marc Lore and baseball legend Alex Rodriguez to buy the Minnesota Timberwolves had passed, without coming to terms with current Timberwolves owner Glen Taylor.

But since both sides continued to negotiate, Rodriguez and Lore now reached an agreement to purchase the Minnesota Timberwolves from Glen Taylor for $1.5 billion. The two are equal, 50-50 partners in the purchase and will from now on be the co-owners of the franchise.

Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have reached agreement to purchase the Minnesota Timberwolves from Glen Taylor for $1.5 billion, sources tell @TheAthletic @Stadium.

— Shams Charania (@ShamsCharania) May 13, 2021