Marc Lore, Alex Rodriguez officially own 20% of the Wolves, Lynx
A day after the NBA Board of Governors approved Marc Lore and Alex Rodriguez to become part owners of the Minnesota Timberwolves and Lynx, majority owner Glen Taylor officially welcomed the duo to the organization.
“We are pleased to officially welcome Marc Lore and Alex Rodriguez to the Minnesota Timberwolves and Lynx family. Together with Marc and Alex, we take another step forward in building a world-class organization both on and off the court," Taylor said in a statement.
It's been reported that Lore and Rodriguez have purchased 20% of the franchises, with plans to eventually become majority owners. According to ESPN's Adrian Wojnarowski, Taylor will slowly hand over ownership to Lore and Rodriguez over the next 2.5 years.
My partner Marc grew up in New York working a number of odd jobs and dreaming big, like me.
— Alex Rodriguez (@AROD) July 21, 2021
We can’t wait to work together with Glen and Becky Taylor and the ownership group, the Timberwolves organization, and the fans in Minnesota. LET’S GO! pic.twitter.com/Zfhc0ipwVU
Per The Athletic's Jon Krawczynski, Lore and Rodriguez will purchase a further 20% of the teams by the end of 2022, followed by 40% more before the end of 2023.
"Today is a historic day for my family and me. After growing up witnessing my mother work two jobs, I never dreamed this would be possible. My partner Marc grew up in New York working a number of odd jobs and dreaming big, like me," Rodriguez wrote in an Instagram post.
"We can’t wait to work together with Glen and Becky Taylor and the ownership group, the Timberwolves organization, and the fans in Minnesota. LET’S GO!"
Lore also commented in an Instagram post:
"Some of my best memories as a kid were centered around sports. As for basketball, I have fond memories of my 6-year-old little sister, Brooke, coming into my room to watch the Knicks games and reciting the names of all the players to me. As a middle schooler, I dreamt about owning a sports team — and today I’m so humbled to be a part of the @nba and @wnba family.
"Looking forward to working with Glen and Becky Taylor and getting to know the players, fans, and community as we kick off this exciting chapter of Minnesota basketball."
Title: Bring Me The Sports co-owner, editor Email: joe@bringmethenews.com Twitter: @JoeBMTN Education: Southwest Minnesota State University Location: Minneapolis, Minnesota Expertise: All things Minnesota sports Nelson has covered Minnesota sports for two decades, starting his media career in sports radio. He worked at small market Minnesota stations in Marshall and St. Cloud before joining one of the nation's highest-rated sports stations, KFAN-FM 100.3 in the Twin Cities. There, he was the producer of the top-rated mid-morning sports show with Minnesota Vikings announcer Paul Allen. His radio experience helped blossom a career as a sports writer, joining Minneapolis-based Bring Me The News in 2011. Nelson and Adam Uren became co-owners of Bring Me The News in 2018 and have since more than tripled the site's traffic and launched Bring Me The Sports in cooperation with the Sports Illustrated/FanNation umbrella. Nelson has covered the Super Bowl and numerous training camps, NFL combines, the MLB All-Star Game and Minnesota playoff games, in addition to the day-to-day happenings on and off the field of play. Nelson also has extensive knowledge of non-sports subjects, including news and weather. He works closely with Bring Me The News meteorologist Sven Sundgaard to produce a bevy of weather and climate information for Minnesota readers. Nelson helped launch and manage the Bring Me The News Radio Network, which provided more than 50 radio stations around Minnesota with daily news, sports and weather reports from 2011-17.