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T-wolves owner: A-Rod, partner in agreement to buy NBA club

Alex Rodriguez state Minnesota city Minneapolis stars travelers
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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 franchise in Minnesota, owner Glen Taylor said.

The agreement, which also includes the WNBA's Minnesota Lynx, opens a 30-day window for negotiations to be finalized. Under the conditions of the deal, Taylor would keep control of the club for the next two years and bring on Rodriguez and Lore as partners until a handover in 2023.

The Athletic first reported the sale, which would be worth $1.5 billion. Taylor, who put the teams on the market last year, said he was first approached by Rodriguez and Lore a week ago.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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