Is Alex Rodriguez Part Owner of the Timberwolves?

Alex Rodriguez, along with Marc Lore, currently owns a significant minority stake in the Minnesota Timberwolves and Lynx. They acquired 40% ownership in 2022 and 2023 as part of a $1.5 billion agreement to purchase the teams from Glen Taylor. However, they haven’t yet assumed full ownership. A dispute arose regarding the final payment deadline, leading to arbitration. While they have $940 million ready to finalize the deal, they still need a successful arbitration hearing and approval from the NBA Board of Governors to gain 100% ownership. Former New York City mayor Michael Bloomberg has reportedly joined their ownership group. The situation remains unresolved, leaving the question of full ownership still open. Ultimately, whether Alex Rodriguez becomes a full part-owner of the Timberwolves depends on the outcome of the ongoing legal proceedings and the NBA’s approval.