The NBA approved the $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group led by Marc Lore and Alex Rodriguez, finalizing a deal that took over four years to complete. Lore and Rodriguez will serve as co-chairmen, with a news conference planned for next month during the NBA Summer League in Las Vegas.
Explain It To Me Like I’m 5: The Minnesota Timberwolves basketball team has been sold for $1.5 billion to two new owners, Marc Lore and Alex Rodriguez, and they will be in charge of the team starting next week.
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