Minnesota Timberwolves: Ex-MLB star Alex Rodriguez agrees takeover

Retired Major League Baseball star Alex Rodriguez and businessman Marc Lore have reached a deal to buy National Basketball Association (NBA) team Minnesota Timberwolves.

The agreement is subject to approval by the NBA's board of governors. It also includes the purchase of Women's NBA team Minnesota Lynx.

The deal struck with Glen Taylor, which sees Rodriguez and Lore each acquire 50% ownership, is worth a reported $1.5bn

 

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