In a move that’s bound to raise a few eyebrows in the sports world, Alex Rodriguez (A-Rod) and his tech-savvy partner Marc Lore have officially closed the deal to purchase the Minnesota Timberwolves and the Minnesota Lynx for a cool $1.5 billion.
In today’s NBA market, that price tag is nothing short of a steal—like finding a Gucci bag at a garage sale.
Glen Taylor Hands Over the Reins
Glen Taylor, the 83-year-old outgoing owner of the Timberwolves, must be feeling a bit like someone who sold their Bitcoin at $1,000 right before it skyrocketed.
Taylor initially bought the team back in 1994 for a mere $94 million, a hefty sum back then, but a drop in the bucket compared to the staggering amount he’s getting now.
After nearly three decades of ownership, Taylor is passing the torch to A-Rod and Lore, who plan to take on roles akin to a buddy cop movie—Rodriguez as the face of the franchise, and Lore as the brains behind the operation.
Given A-Rod’s history with partnerships (we’re looking at you, J-Lo), let’s hope this duo manages to avoid the typical pitfalls.
The Road to Ownership: Drama, Deadlines, and Arbitration
Of course, this deal wasn’t exactly a smooth ride. Taylor had accused Rodriguez and Lore of missing deadlines, leading to a bit of drama and arbitration.
But in the end, Taylor chose not to appeal the issue, perhaps realizing that fighting legal battles in his twilight years is like a root canal—not the most fun way to spend your time.
To add a little flair to the exit, Taylor is keeping a few perks in the deal—courtside seats, a suite, and a reserved parking spot for both the Timberwolves and Lynx games.
After all, nothing screams “I used to own this place” more than showing up at the games like you never left.
What’s Next for A-Rod and Lore?
All that’s left now is the NBA’s Board of Governors to approve the deal, which is usually just a formality unless someone decides to throw a wild card.
For Minnesota Timberwolves fans, it’s time to buckle up—your new owners are here. Will A-Rod make a home run in basketball, or will this be another strikeout in his post-baseball career? Only time will tell.
