Former MLB star Alex Rodriguez is near concluding a deal to buy the Minnesota Timberwolves of the NBA and Minnesota Lynx of the WNBA with support from billionaire Marc Lore, reports Adrian Wojnarowski of ESPN. The current majority owner Glen Taylor has been searching for somebody to purchase the sibling franchises since 2020.
“We look forward to entering this phase of the process with Glen Taylor,” Rodriguez and Lore said in a joint statement on Saturday. “Our respect for him and the legacy he has built lays an amazing foundation for what is to come. We are excited by the prospect of getting to know the Timberwolves organization.”
The teams would stay under Taylor’s control until a takeover from Lore and Rodriguez in 2023.
The Lynx have won four WNBA titles, while the Timberwolves have won one division title. The two teams share the Mayo Clinic Square practice facility, which is across the road from the Target Center, where the two teams play their games.
One wrinkle in the deal: Rodriguez’s connections to Seattle, which hasn’t had a NBA group since the Supersonics left for Oklahoma City. Be that as it may, Seattle as of now has a highly successful WNBA franchise in the Seattle Storm, who have additionally won four WNBA championships.