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Pending sale of Minnesota Timberwolves has no limitations to moving franchise to a new city
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Anthony Edwards on A-Rod: I don t know who that is (0:29)
Timberwolves rookie Anthony Edwards says he isn t a baseball fan and hadn t heard of Alex Rodriguez prior to his deal to become part-owner of the franchise. (0:29)
Joined ESPN in 2017
Meyer Orbach, the second-largest shareholder in the Minnesota Timberwolves, filed a complaint in U.S. District Court in Minneapolis on Wednesday alleging that owner Glen Taylor s pending sale of the franchise to Marc Lore and Alex Rodriguez is in violation of the franchise s partnership agreement, according to a copy of the complaint obtained by ESPN.
Minneapolis-St. Paul –This weekend fans will have the opportunity to bid on signed, game-worn and game-issued Minnesota Timberwolves jerseys from today’s game versus the Boston Celtics at Target Center in Minneapolis. Auctioned items will benefit The Fastbreak Foundation, the charitable arm for all four franchises including the Minnesota Timberwolves, Lynx, Iowa Wolves, and
Originally posted on Hoops Rumors | By Arthur Hill | Last updated 5/14/21
The Timberwolves have issued a statement confirming that the team will be sold to Marc Lore and Alex Rodriguez, tweets Brian Windhorst of ESPN.
“Glen Taylor has reached an agreement with Marc Lore and Alex Rodriguez regarding the sale and future ownership of the Wolves and Lynx,” the statement reads. “The transaction will close following league approval beginning the transition of ownership and a new chapter.”
The sale price will be $1.5 billion, and operating control will transfer to Lore and Rodriguez in the 2023-24 season, Windhorst adds (via Twitter). Also included in the sale are the team’s G League affiliate, the Iowa Wolves, and T-Wolves Gaming.