Alex Rodriguez and partner finalizing deal for Timberwolves and Lynx

“We look forward to entering this phase of the process with Glen Taylor,” said Rodriguez and Lore in a joint statement on Saturday. “Our respect for him and the legacy he has built form an amazing foundation for what is to come. We are very excited about the prospect of getting to know the Timberwolves organization. “

Taylor, who bought the Timberwolves for $ 88 million in 1994 after the team was nearly relocated to New Orleans, looked for a buyer in July and discussed a sale with billionaire Ryan Smith, who instead sold the Utah Jazz for 1.66 in October Billion dollars bought.

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Taylor’s tenure with the Timberwolves and Lynx was mixed. The NBA team has only made the playoffs once, but the Lynx has won four WNBA championships in the past 10 years. Keeping the teams in Minnesota was an issue during the negotiations, but Rodriguez has ties to Seattle, where he spent the first seven seasons of his playing career. Seattle has been looking forward to a team since the SuperSonics became the Oklahoma City Thunder prior to the 2008-09 season.

Last summer, Rodriguez and his fiancée Jennifer Lopez withdrew from the offer to buy the Mets, which had been bought by billionaire hedge fund manager Steve Cohen.

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