The saga of the sale of the is finally coming to an end. After a long, drawn out proce s,
Vincent Lecavalier Jersey it appears that former MLB star Alex Rodriguez and billionaire Marc Lore will be the team's new owners, according to a statement they released on Saturday.Rodriguez and Lore's full statement:We look forward to entering this phase of the proce s with Glen Taylor. Our respect for him and the legacy he built lays an amazing foundation for what is to come. We are excited by the prospect of getting to know the Timberwolves organization, the talented team, and their incredible fans.The duo has signed a letter of intent which will give them exclusive negotiating rights
Vladislav Namestnikov Men Jersey for the next 30 days. During that time, they're expected to finalize a deal with current owner Glen Taylor that will see them first become minority owners. Then, in 2023, Rodriguez and Lore will a sume full control of the team, according to . The deal would also include the Minnesota Lynx of the WNBA, .While there are still some details to sort out, Krawczynski added that the two sides have agreed upon two major items: price and location. Rodriguez and Lore will pay $1.5 billion for the franchise, and they have agreed to keep both teams in Minneapolis. That was a requirement from Taylor when he agreed to sell, and it will be included in writing as part of the deal, per
Curtis Mcelhinney Jersey Hine. Fans in Minneapolis will surely breathe a sigh of relief at that news. Any time a small market team gets sold there's always going to be some anxiety about its future, and that would have been especially true this time around given Rodriguez's ties to Seattle, and that city's desperation for a franchise. But the Wolves and Lynx won't be going anywhere.Taylor has sporadically put his teams on the market over
Kevin Shattenkirk Kids Jersey the past few years. There was a somewhat me sy situation with Wolves legend Kevin Garnett, who was involved with a group that made inquiries. And back in August, , a former minority owner of the . Neither of those situations panned out, however, in part due to Taylor's reluctance to actually let go of his beloved teams.That all changed when he made a personal connection with Rodriguez and Lore, per Krawczynski. Taylor has always valued personal connections in his busine s dealings, and this is no different. Lore and Rodriguez share a close bond
Patrick Maroon Women Jersey and want to continue the family-type atmosphere that Taylor has always valued, and the intimate conversations that were shared this week helped the Taylors to feel comfortable in pushing this proce s forward.It has been a tumultuous year for the Timberwolves, who fired head coach Ryan Saunders in February, and currently have the worst record in the league at 13-40. There are some reasons to be excited about the future, though, including star center and exciting rookie guards D'Angelo Ru sell and . Now, you can add a powerful new ownership group to that list.
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