Alex Rodriguez poised to become majority stakeholder in Timberwolves and Lynx

The transition from tape-measure shots to three-point bombs is rumored to be complete. According to ESPN’s Adrian Wojnarowsk, Mark Lore and Alex Rodriguez are expected to double their ownership stake in the Minnesota Timberwolves and Minnesota Lynx. The two are set to become majority owners by early 2024, pending approval by the NBA Board of Governors. Rodriguez and Lore have slowly been increasing their stake in the Timberwolves in recent years, and the final payment will give them 80 percent ownership of both teams. The former Yankees third baseman and billionaire entrepreneur are already involved in the team’s basketball operations and are making significant moves to improve the franchise’s performance.