Minnesota (7-29) … Neal Justin, co-chair of the StarTribune Guild, said Taylor has employed a hands-off approach since he bought the StarTribune, in Minneapolis, in 2014 and has brought stability to a publication that went through a series of owners that included a huge media company and a hedge fund. “Glen Taylor has reached an agreement with Marc Lore and Alex Rodriguez regarding the sale and future ownership of the Wolves and (WNBA) Lynx,” the statement reads. It was initially reported in April that the pair were closing in on a deal to buy the Timberwolves from current owner Glen Taylor and had a 30-day exclusive negotiating window to … Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have a deal in place to purchase the Minnesota Timberwolves from Glen Taylor. Entrepreneur Marc Lore said negotiations with Glen Taylor for the purchase of the Timberwolves and Lynx are "getting close to the finish line," according to a report. The Timberwolves have issued a statement confirming that the team will be sold to Marc Lore and Alex Rodriguez, tweets Brian Windhorst of ESPN. Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have reached agreement to purchase the Minnesota Timberwolves from Glen Taylor for $1.5 billion, sources tell @TheAthletic @Stadium. In February 2020, Forbes projected the Timberwolves' value at $1.38 billion, and Taylor reportedly sought $1.2 billion for the team. FILE – In this June 6, 2014, file photo, Minnesota Timberwolves team owner Glen Taylor speaks in Minneapolis. Minnesota Timberwolves owner Glen Taylor has reached agreement on his $1.5 billion sale of the club to e-commerce mogul Marc Lore and former baseball star Alex Rodriguez. The $1.5 billion purchase also included the Wolves' sister organization - the four-time WNBA champion Lynx - but you would never have known it from A-Rod's and Lore's statement upon agreeing to terms with former owner Glen Taylor.
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