NBA owners approve $1.5B sale of Wolves, Lynx

The $1.5 cardinal merchantability of the Minnesota Timberwolves from Glen Taylor to an concern radical led by e-commerce entrepreneur Marc Lore and erstwhile shot prima Alex Rodriguez gained NBA support connected Tuesday, finalizing a analyzable and contentious process much than 4 years aft the woody was reached.

The ownership transportation that Taylor tried to halt past twelvemonth received an unanimous ballot from the committee of governors comprised of the 30 squad owners, the league announced. The deal, which is expected to adjacent this week astir 51 months and much than 1,500 days aft the archetypal agreement, includes the four-time WNBA champion Minnesota Lynx.

The Timberwolves are readying an introductory quality league for Lore and Rodriguez adjacent period successful Las Vegas during the NBA Summer League. Lore and Rodriguez volition service arsenic co-chairmen connected the board, with Lore arsenic Timberwolves politician and Rodriguez arsenic alternate governor. For the Lynx, Rodriguez volition service arsenic politician and Lore arsenic alternate governor.