"Minnesota Timberwolves and Lynx Ownership Sale to Marc Lore and Alex Rodriguez Falls Through"
TL;DR
Minnesota Timberwolves and Lynx are no longer for sale after the closing deadline for buyers Marc Lore and Alex Rodriguez passed without the sale closing, according to owner Glen Taylor. The collapse of the $1.5 billion deal comes during the Wolves' best season in two decades, with the team hitting 50 wins for the first time since 2003-2004. The sale fell through due to the buyers' lack of a solid group of investors and substantial investment of their own, which did not align with NBA preferences for long-term, individual investors.
- Timberwolves, Lynx "no longer for sale" after Marc Lore, Alex Rodriguez miss closing deadline, Glen Taylor says CBS News
- Statement on Minnesota Timberwolves and Lynx Ownership NBA.com
- Timberwolves owner not selling stake to Alex Rodriguez, Marc Lore ESPN
- Glen Taylor remains owner of Timberwolves, Lynx; he says sale to Marc Lore, Alex Rodriguez fell through Star Tribune
- T-Wolves No Longer for Sale as Alex Rodriguez, Mark Lore's Majority Option Expires Bleacher Report
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