According to reports, Alex Rodriguez and business partner Marc Lore have been approved by the NBA’s Board of Governors as limited partners in the Minnesota Timberwolves and Lynx franchises Tuesday.
ESPN’s Adrian Wojnarowski reported this is step one in a multiyear process to transition majority governorship from Glen Taylor to Lore and A-Rod.
“They’ve asked that I would be there for any decisions that would need to be made,” Taylor told the Associated Press. “I would enjoy that. I love teaching people. These are a couple of very bright guys, and I think it could be helpful to the club and I think I could be helpful to them so that they feel confident once they take over 100 percent.”
Per the New York Post:
“A-Rod and Lore will start as minority owners, but they can purchase another 20 percent in 2022 and another 20 percent in 2023.”