The NBA Board of Governors has unanimously approved the $1.5 billion sale of the Minnesota Timberwolves and Minnesota Lynx to former MLB star Alex Rodriguez and billionaire Marc Lore, the league announced Tuesday. The transaction is expected to close later this week.
“I’ve dedicated my entire life to the world of sports; not just as a game, but as a powerful force that unites people, uplifts communities, and changes lives,” Rodriguez said, per a press release. “I’m incredibly honored and energized to roll up my sleeves and get to work. I know what it takes to be a champion, and I’m ready to bring that same commitment and drive to create a winning culture in Minnesota.”
