{"id":122155,"date":"2025-06-24T23:32:12","date_gmt":"2025-06-24T23:32:12","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/122155\/"},"modified":"2025-06-24T23:32:12","modified_gmt":"2025-06-24T23:32:12","slug":"nba-board-of-governors-unanimously-approves-1-5b-minnesota-timberwolves-lynx-sale-to-marc-lore-and-alex-rodriguez","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/122155\/","title":{"rendered":"NBA Board of Governors unanimously approves $1.5B Minnesota Timberwolves &#038; Lynx sale to Marc Lore and Alex Rodriguez"},"content":{"rendered":"<p class=\"c-paragraph sections-franchises \">The NBA\u2019s Board of Governors voted unanimously on Tuesday to make Marc Lore and Alex Rodriguez the majority owners in the T\u2019Wolves and Lynx \u201cas the 31-year term of Glen Taylor comes to an end,\u201d according to Chris Hine of the MINNESOTA STAR TRIBUNE. The approval comes \u201cmore than four years since they agreed to a multi-year process to become owners,\u201d with the sale set to \u201cbecome finalized\u201d when the $1.5B deal closes on Wednesday. Tuesday\u2019s vote \u201crepresents the league\u2019s signing off on the transaction,\u201d which it \u201cdid two other times in the process in 2021 and 2023, when Lore and Rodriguez bought shares of the franchises that amount to around 20%.\u201d The events of the week \u201crepresent the end of a drawn out process to the finish line that began in March 2024,\u201d when Taylor \u201c<a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2024\/03\/28\/minnesota-timberwolves-sale-off-marc-lore-alex-rodriguez\/?hl=t%27wolves&amp;sc=0&amp;publicationSource=search\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2024\/03\/28\/minnesota-timberwolves-sale-off-marc-lore-alex-rodriguez\/?hl=t%27wolves&amp;sc=0&amp;publicationSource=search\">tried to cancel the sale<\/a> of the remaining portion of the franchises, citing Lore and Rodriguez\u2019s failure to meet certain contractual deadlines.\u201d Lore and Rodriguez \u201ctook him to arbitration, where they <a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/02\/10\/lore-rodriguez-win-arbitration-to-potentially-own-t-wolves\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/02\/10\/lore-rodriguez-win-arbitration-to-potentially-own-t-wolves\/\">prevailed in a 2-1 decision in February<\/a>.\u201d Lore and Rodriguez have \u201ccommitted to keeping the team in Minnesota from the day they joined the ownership group.\u201d Other issues the two are likely to address include \u201cplans for the future of Target Center or a new arena and their willingness to pay the NBA\u2019s luxury tax to keep the Wolves competitive\u201d (<a href=\"https:\/\/www.startribune.com\/nba-board-of-governors-unanimously-approves-sale-of-timberwolves-and-lynx\/601372037\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.startribune.com\/nba-board-of-governors-unanimously-approves-sale-of-timberwolves-and-lynx\/601372037\">MINNESOTA STAR TRIBUNE, 6\/24<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"The NBA\u2019s Board of Governors voted unanimously on Tuesday to make Marc Lore and Alex Rodriguez the majority&hellip;\n","protected":false},"author":2,"featured_media":122156,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3782],"tags":[7,7457,307,152,3954,6,308],"class_list":{"0":"post-122155","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-minnesota-timberwolves","8":"tag-basketball","9":"tag-leadership","10":"tag-minnesota","11":"tag-minnesota-timberwolves","12":"tag-minnesotatimberwolves","13":"tag-nba","14":"tag-timberwolves"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/114740956073698667","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/122155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/comments?post=122155"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/122155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/122156"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=122155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=122155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=122155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}