Alex Rodriguez and Marc Lore will not become majority owners of the Minnesota Timberwolves and the Minnesota Lynx as their 90-day period to close the sale expired, with Glen Taylor remaining as the controlling owner.

By the Numbers
  • Rodriguez and Lore initially agreed to buy a $1.5 billion majority stake in the franchises for two separate 20% installments.
  • After complications with financing, they failed to complete their purchase of a 40% stake in the Timberwolves and Lynx.
Yes, But

The relationship between Rodriguez, Lore, and Taylor deteriorated over two-plus years, with disagreements on meeting contractual deadlines.

State of Play
  • Glen Taylor will retain ownership of the Timberwolves and Lynx.
  • The Timberwolves are excelling on the court with a 50-22 record, close to the top in the Western Conference.
What's Next

Future ownership plans for the franchises remain uncertain after the failed sale to Rodriguez and Lore.

Bottom Line

Alex Rodriguez and Marc Lore's bid to acquire a majority ownership stake in the Timberwolves and Lynx has fallen through, leaving Glen Taylor as the controlling owner amidst the teams' successful performance on the court.