"Minnesota Timberwolves and Lynx Ownership Sale to Marc Lore and Alex Rodriguez Falls Through"

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Source: CBS News
"Minnesota Timberwolves and Lynx Ownership Sale to Marc Lore and Alex Rodriguez Falls Through"
Photo: CBS News
TL;DR Summary

Minnesota Timberwolves and Lynx are no longer for sale after the closing deadline for buyers Marc Lore and Alex Rodriguez passed without the sale closing, according to owner Glen Taylor. The collapse of the $1.5 billion deal comes during the Wolves' best season in two decades, with the team hitting 50 wins for the first time since 2003-2004. The sale fell through due to the buyers' lack of a solid group of investors and substantial investment of their own, which did not align with NBA preferences for long-term, individual investors.

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