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The sale of Minnesota Timberwolves of the NBA and Minnesota Lynx of the WNBA to a group led by the former MLB star Alex Rodríguez and the electronic commerce entrepreneur Marcore have obtained a unanimous approval of the Board of Governors of the NBA, the League announced Tuesday.
Rodríguez and Lore become familiar with the Timberwolves, since they previously had minority bets in the NBA franchise. It is estimated that the sale will be closed within the next few days to an estimated $ 1.5 billion, ESPN reported.
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Generic photography of the Court of the Court of the Timberwolves Center of Minnesota on December 18, 2022 at the Target Center in Minneapolis, Minnesota. (David Sherman / NBAE through Getty Images / Getty Images)
The intricate process of control of control of control in the basketball franchises to Rodríguez and Lore began almost four years ago.
The billionaire and politician Glen Taylor bought the Timberwolves in 1994.
The owners of minority teams Marc Lore (L) and Alex Rodríguez of the Minnesota Timberwolves observe in the second quarter against the Phoenix Suns during the game two of the playoffs of the first round of the West Conference at the Target Center on April 23, 2024 in Minneapoli (David Berding / Getty Images / Getty Images)
It is scheduled for an introductory press conference for Rodríguez and Lore in July in Las Vegas, the NBA summer league site. Tradition is expected to serve as the primary governor of the T’wolves, while the first New York Yankees Star is scheduled to be the alternative governor of the franchise.
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“We fully recognize the great responsibility that comes to serve as administrators of these exceptional franchises,” Lore said in a statement. “We are committed to building an organization that establishes the standard for excellence, is universally admired and rooted in the pride that encompasses generations.”
Rebekkah Brunson during a Jersey retirement ceremony on July 3, 2022 at Target Center in Minneapolis, Minnesota. (Adam Bettcher / NBAE through Getty Images / Getty Images)
“The Board of Governors of the NBA has unanimously approved the sale of the controlling interests in the Timberwolves of Minnesota and the WNBA Minnesota Lynx from Glen Taylor to Marcore and Alex Rodriguez,” The ” The The The The The The The The The The The The The The The The The The The The The The The The The NBA wrote in statement Launched on Tuesday.
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Lynx has won four WNBA Championships Since the franchise was founded in 1999. The Timberwolves have never won a title of the NBA finals, but advanced to the western conference this year.
