Tech entrepreneur Marc Lore and baseball star Alex Rodriguez's 30-day exclusive negotiating window to purchase the Minnesota Timberwolves from Glen Taylor has ended without a formal deal.
Both sides are continuing to negotiate in good faith in an attempt to reach an agreement and it is possible extension to the window could be worked, out but one isn't currently in place, sources told ESPN.
Taylor announced on April 10 he intended to sell the team to Lore and Rodriguez after meetings over the previous week. The purchase price was expected to be around $1.5 billion including debt, sources said, with Lore and Rodriguez becoming limited partners and buying pieces of the team in phases over the next two years and taking full control for the 2023-24 season.