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Bloomberg joins Lore-Rodriguez group for in-dispute purchase of Timberwolves, AP source says

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Minnesota TimberwolvesMINNEAPOLIS (AP) — Michael Bloomberg, the billionaire media magnate and former New York City mayor, has agreed to partner with Marc Lore and Alex Rodriguez for their in-dispute attempt to purchase the Minnesota Timberwolves, according to a person with knowledge of the deal. The person spoke to The Associated Press on condition of anonymity because details of the transaction were not being…

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Sued by partner over sale, Taylor says T-wolves won’t move

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MINNEAPOLIS – Minnesota Timberwolves owner Glen Taylor is expressing confidence the NBA team will remain in Minnesota under new ownership. One of his investors has sued Taylor in federal court, alleging breach of contract because of the sale. Taylor also owns the WNBA’s Minnesota Lynx. Taylor recently finalized an agreement to sell the basketball clubs to e-commerce mogul Marc Lore…

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Report: Timberwolves Sale To Alex Rodriguez And Marc Lowe Becomes Official

Glen Taylor sells both the Timberwolves and Lynx after owning them since 1994 and 1999, respectively
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MINNEAPOLIS, MINN (KVRR) – Shams Charania of the Athletic is reporting that former MLB All-Star Alex Rodriguez and tech entrepreneur Marc Lowe have reached an agreement to buy the Timberwolves and the Lynx for $1.5 billion with the partnership being 50-50. The group originally signed a letter of intent on April 10th but a deal couldn’t be reached with Glen…