Former MLB legend Alex Rodriguez and businessman Marc Lore are closing in on becoming the majority owners of the Minnesota Timberwolves. While they have been running the organization over the last year, Rodriguez and Lore have slowly been acquiring chunks of ownership.

Prior to the end of the 2022-23 season in March, they made a $290 million payment in order to control 40 percent of the team. Now, these two are expected to exercise their option to acquire controlling ownership interest of the organization as soon as Thursday, according to ESPN's Adrian Wojnarowski.

This option that Rodriguez and Lore will be exercising allows them to purchase another 40 percent of the franchise from Taylor, meaning that they would control majority ownership at 80 percent. This transaction also includes the Minnesota Lynx in the WNBA.

This majority purchase will be subject to approval by the NBA Board of Governors, a decision that will either be voted yes unanimously or by a single vote. New York Knicks owner James Dolan recent voted against Michael Jordan's sale of the Charlotte Hornets, so it would not be surprising if the Knicks' brass once again made things difficult for the league.

The Timberwolves have really started to rise in the Western Conference ever since Rodriguez and Lore began their quest to purchase the franchise in 2021. So far this season, Minnesota owns the best record in the Western Conference at 22-7 and they have consistently been getting better. After making the playoffs via the play-in tournament last season, the Timberwolves look like a real contender in the West this season.

RECOMMENDED (Article Continues Below)
Timberwolves' Kyle Anderson next to Anthony Edwards and Devin Booker

Brett Siegel ·

Suns' Kevin Durant and Frank Vogel with Timberwolves' Anthony Edwards and Rudy Gobert

Ben Cooper ·

Kevin Durant of the Suns spoke out about the team's mission going forward.

Nick Meyer ·

Minnesota has also locked up their long-term core for many years to come. Rudy Gobert, Karl-Anthony Towns, and Anthony Edwards are all under contract for the foreseeable future, as is recent first-round pick Jaden McDaniels.

With Rodriguez and Lore expected to finalize the terms to control an 80 percent ownership stake in the T-Wolves, Taylor will still own 20 percent. The long-time owner will have an option to sell his remaining 20 percent of the team to the new owners at a later date.