Alex Rodriguez in negotiations to buy Timberwolves, Lynx

KSTP Sports
Updated: April 10, 2021 10:41 PM
Created: April 10, 2021 06:25 PM

Timberwolves owner Glen Taylor signed an exclusive letter of intent on Saturday regarding the purchase of the Timberwolves and Minnesota Lynx with former professional baseball player Alex Rodriguez and former Walmart CEO Marc Lore, a team spokesman confirms to KSTP.

Taylor would stay in control of the franchises for the next two-and-half years with Rodriguez and Lore having limited partnerships.

Update: Our Darren 'Doogie' Wolfson talked with Taylor. Click the video box above to listen to their conversation.

Taylor, who bought the Timberwolves in 1994, has been looking for a buyer since July of 2020. He negotiated with former Memphis limited partner Daniel E. Straus August 2020, but an agreement couldn't be reached. He also went far down the path of selling to another former Memphis limited partner, Steve Kaplan, in 2015.

Rodriguez tried to buy the New York Mets last year but that deal never happened.


Copyright 2021 - KSTP-TV, LLC A Hubbard Broadcasting Company

Debate over eviction moratorium continues as Minnesota Legislative session nears close

Chanhassen man charged with murdering sister; AR-15s, AK-47s recovered

Future unclear for "Peeps the Goose'

St. Paul Saints celebrate home opener with COVID-19 restrictions

Minnesota House to vote on legalizing marijuana Thursday