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It’s Official: Alex Rodriguez Has Purchased The Minnesota Timberwolves

An ownership group including Alex Rodriguez has reached a deal to buy the Minnesota Timberwolves and Lynx. The value of the deal is as follows.

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Alex Rodriguez has kept expanding his portfolio through real estate after leaving the MLB. However, the former third baseman and shortstop wanted to contribute again to the sport he adored. He tried to buy the New York Mets, but the deal eventually fell through.

The NBA became the 45-year-new old’s target league as a result. Additionally, Rodriguez and software entrepreneur Marc Lore have reached an agreement to purchase the Minnesota Timberwolves and Minnesota Lynx of the WNBA. The deal’s exact value is unknown at this time, although Front Office Sports estimates it to be around $1.5 billion.

For over a month now, the Timberwolves franchise has been accessible. On April 10, franchise owner Glen Taylor first announced the team was for sale. Despite selling, he still intends to run the team through the 2022–2023 campaign.

Mike Ehrmann/Getty Images

Images by Mike Ehrmann/Getty

Nearly letting the business go through their fingers were Rodriguez and Lore. They were given a special 30-day window during which they could acquire the team without opposition. The deadline passed earlier this week, but the parties persisted in their discussions and came to an agreement Thursday night.

The deal needs to be approved by NBA owners before it’s finalized, but it looks like Rodriguez will finally accomplish his dream of owning a pro sports franchise. He is, however, receiving somewhat of a mixed bag.