Showing posts with label Lynx. Show all posts
Showing posts with label Lynx. Show all posts

Friday, 29 December 2023

ALEX RODRIGUEZ, PARTNER CLOSE TO.CONTROL OF TIMBERWOLVES, LYNX

Alex Rodriguez & Marc Lore. Reuters 

Alex Rodriguez and business partner Marc Lore are expected to exercise their option to buy another 40 percent of the Minnesota Timberwolves and Lynx, giving them controlling interest of both franchises, ESPN reported.

They could take action to move forward with the purchase from current majority owner Glen Taylor as soon as Thursday. They have a Sunday deadline.

With the move, Rodriguez and Lore will own 80 percent of the teams, pending approval by the NBA Board of Governors. Per ESPN, Rodriguez and Lore could have majority ownership wrapped up by early 2024.