Created: May 17, 2021 12:30 PM
Pending league approval, which won't be an issue, Glen Taylor has agreed in writing to sell the Wolves and Lynx to Alex Rodriguez and Marc Lore.
We spoke with Taylor on Monday, via the phone, about that, the Wolves' season, the Lynx, and Kevin Garnett entering the Hall of Fame.
***Click the video box above to listen to Darren Wolfson's chat with Taylor***
The deal, Taylor previously said, has been contingent on Lore and Rodriguez keeping the team in Minnesota. The two sides entered an exclusive negotiating window on April 10. Lore and Rodriguez are 50-50 partners. They tried to buy the New York Mets last year but were beaten out for the Major League Baseball club by hedge fund manager Steve Cohen.
Any sale of an NBA club must ultimately approved by the league’s Board of Governors. But Taylor, who would know, said that won't be an issue. The Timberwolves would then become the second NBA franchise sold this season. Gail Miller and her family struck an agreement in October to sell the Utah Jazz to Ryan Smith, a deal that was finalized after Board of Governors' approval in December.
The 80-year-old Taylor, a lifelong Minnesotan who bought the Wolves in 1994 for $88 million to save them from moving to New Orleans, has said he will continue to run the club for two more seasons until a handover in 2023. The Minnesota Lynx WNBA team is included in the sale.
The Associated Press contributed to this story
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