NBA Board of Governors Gives Unanimous Green Light to Timberwolves and Lynx Sale

More than four years after agreeing to a multi-year path toward ownership, Marc Lore and Alex Rodriguez have officially been approved as controlling owners of the Timberwolves and Lynx.

The NBA’s Board of Governors voted unanimously Tuesday, signaling the end of Glen Taylor’s 31-year run and clearing the way for the $1.5 billion sale to be finalized on Wednesday.

It’s the third time the league has signed off on the deal—previously approving the duo’s minority share purchases in 2021 and 2023, which totaled about 20%.

Since their initial agreement, NBA franchise values have soared, highlighted by last week’s $10 billion valuation in the Lakers’ sale. Forbes now estimates the Timberwolves’ worth at $3.1 billion, while Sportico puts the Lynx at $85 million amid rising WNBA interest.

Lore, 53, and Rodriguez, 49, have pledged to keep the teams in Minnesota, saying after a recent arbitration ruling they remain committed to winning championships “in Minnesota.”