Photo: Minnesota Timberwolves

In a significant development reported by NBA insider Adrian Wojnarowski, Marc Lore and Alex Rodriguez are poised to exercise their option to acquire a controlling ownership interest in the Minnesota Timberwolves and Lynx from current owner Glen Taylor, with the deadline for this transaction set for December 31.

The potential acquisition would formalize the duo’s intent to purchase an additional 40 percent of the franchise from Taylor, ultimately granting Lore and Rodriguez 80 percent ownership of both teams. This move positions them for majority ownership by early 2024.

The impending ownership change brings a new era for the Timberwolves and Lynx, as Lore and Rodriguez, known for their business acumen and sports background, prepare to take the helm.