Former New York Yankee and JLo fiance Alex Rodriguez signed a letter of intent to purchase the Minnesota Timberwolves with e-commerce mogul Marc Lore.
The reported $1.5 billion deal would come with the WNBA’s Minnesota Lynx and preserve each franchises in Minnesota.
A 30-day window for negotiations was opened, and if either side comply with the phrases, the deal would then must be finalized by the league.
One stickler all through the method for Taylor was that the franchises not be moved.
“There was no use speaking to them [buyers] in the event that they didn’t comply with that,” Taylor mentioned.
The Athletic’s Shams Charania reported earlier that Rodriguez and Lore would take management of the franchise after a two-year mentorship beneath Taylor.
Rodriguez and Lore launched the next assertion:
We stay up for coming into this part of the method with Glen Taylor. Our respect for him and the legacy he has constructed lays a tremendous basis for what’s to return. We’re excited by the prospect of attending to know the Timberwolves group, the gifted group, and their unbelievable followers.
Talking to the Related Press, Taylor mentioned, “They’ve requested that I might be there for any selections that may must be made.
“I might take pleasure in that. I like educating individuals. These are a few very shiny guys, and I believe it may very well be useful to the membership, and I believe I may very well be useful to them in order that they really feel assured as soon as they take over 100%.”
Taylor put the group up on the market final yr, drawing curiosity from former Timberwolf Kevin Garnett.
The Corridor of Famer tweeted his pleasure on the probability of coming again to the group he began his profession with.
“My ardour for the Minnesota Timberwolves to be a championship group is well-known however I’ve a deeper affection for town of Minneapolis,” Garnett tweeted.
Garnett’s efforts failed, although Taylor mentioned the one-time champion by no means really made a proposal.