Marc Lore and Alex Rodriguez have submitted signed financial documentation to the NBA to complete the acquisition of majority control of the Minnesota Timberwolves and Lynx from Glen Taylor, multiple sources briefed on the matter told The Athletic. The deal structure was appealing to Taylor, who was not yet ready to cede full control of the teams at the time, …
Taylor, who put the teams on the market last year, said he was first approached by Rodriguez and Lore a week ago. Minneapolis: Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore signed a letter of intent Saturday to buy the Timberwolves and keep the NBA team in Minnesota, owner Glen Taylor said. In a phone interview with The …
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