• Loading stock data...
Wednesday, September 3, 2025
The biggest names in sports media. All in one room. Get your ticket now!

A-Rod, Lore Buy Another 20% of Minnesota NBA, WNBA Teams

  • Marc Lore and Alex Rodriguez have reportedly exercised their option to buy the next 20% of the Minnesota Timberwolves and Lynx.
  • The pair entered an agreement in 2021 to buy the teams for $1.5 billion.
Minnesota Timberwolves owner A-Rod stands court side
Gary A. Vasquez-USA TODAY Sports

Marc Lore and Alex Rodriguez are taking the next step in the process of becoming majority owners of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx.

The pair have exercised their option to purchase the next 20% of the teams, according to The Athletic. They entered an agreement to buy the teams in May 2021 for $1.5 billion, starting with a 20% installment.

  • Lore and Rodriguez’s reported deadline to inform current majority owner Glen Taylor — who purchased the team for $88 million in 1994 — was Saturday.
  • They reportedly have until March 15 to close the transaction.

The next installment for Lore and Rodriguez would be another 40% of the teams, an option that can be exercised until Dec. 31, 2023.

Forbes last valued the Timberwolves at $1.67 billion.

Splitting for Seattle?

Meyer Orbach, who owns 17% of the teams, sued Taylor for $300 million shortly after the deal over a potential move — it was reported that Lore and Rodriguez were interested in moving the Timberwolves to Seattle.

Taylor has expressed confidence that the teams will stay in Minnesota, but there is no legal language in the existing agreement guaranteeing it. Breaking the team’s lease at Target Center, which ends in 2035, would cost $50 million.

A federal judge dismissed Orbach’s claims in July 2021.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Alex Rodriguez and Marc Lore

Timberwolves Lay Off Dozens After A-Rod, Lore Take Over

Rodriguez and Lore took over the Wolves and Lynx in June.
Courtney Williams

‘Business Been Boomin’: How Studbudz Built an Empire Overnight

Courtney Williams and Natisha Hiedeman have racked up sponsorships since going viral.

Featured Today

Oct 13, 2024; Philadelphia, Pennsylvania, USA; Philadelphia Eagles quarterback Jalen Hurts (1) and wide receiver A.J. Brown (11) celebrate their touchdown pass during the second quarter against the Cleveland Browns at Lincoln Financial Field.

TV Ratings Just Changed Again. The NFL Will Be the Big Winner

Nielsen’s new viewership system will have a big impact on sports.
Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.
August 30, 2025

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
August 26, 2025

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.

F1’s McLaren Valued at More Than $5B After Recent Stake Sale

MSP Capital purchased its stake in McLaren in 2020.
August 28, 2025

Rhyne Howard Calls Out Dream Fans for A’Ja Wilson ‘MVP’ Chants

The Las Vegas Aces overtook the Atlanta Dream in the standings.
August 29, 2025

Cowboys Can’t Bank on Mavericks’ Lottery Luck After Parsons Trade

The Mavericks lucked into Cooper Flagg through the 2025 NBA draft lottery.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
August 28, 2025

Connor McDavid: ‘All Options on Table’ As Historic Free Agency Looms

The Oilers superstar remains largely mum on his long-term plans.
United
August 28, 2025

Manchester United Knocked Out of Cup by Team With $2.6 Million Payroll

United’s team payroll is almost 100 times larger than Grimsby’s.
Monica Wright
August 26, 2025

WNBA Expansion Teams Still in Dark As CBA Fight Drags On

Portland and Toronto won’t know the draft rules until a CBA is signed.
August 25, 2025

Trey Hendrickson Ends Stalemate for $14 Million Bengals Raise

The defensive end will make $30 million this season.