(Minneapolis, MN) — Marc Lore and Alex Rodriguez are one step closer to officially owning the Minnesota Timberwolves. Current Wolves majority owner Glen Taylor has decided to drop his appeal to an arbitration decision that ruled in favor of Lore and Rodriguez in February. The pair originally agreed to purchase the team through a series of payments in 2021, but Taylor pulled the agreement off the table in March of 2024, claiming that Rodriguez and Lore had not made payments on time. February’s arbitration decision concluded that Rodriguez and Lore were meeting all demands. The Wolves will officially be under new ownership once the NBA board of governors approve the sale.
