Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have reportedly reached an agreement to purchase the Timberwolves and Lynx from owner Glen Taylor, according to The Athletic's Shams Charania.
The two are expected to be equal, 50-50 partners, and will sign the paperwork for the deal reportedly worth $1.5 billion in the coming days.
Lore and Rodriguez reached an agreement to negotiate a purchase of the Timberwolves on April 10. But after a month of negotiating with Taylor, no deal had been reached when their 30-day exclusive negotiating window expired two days ago.