Marc Lore and Alex Rodriguez to buy the Timberwolves from Glen Taylor / News - Basketnews.com

Changes on the managerial front for the Minnesota Timberwolves may occur as owners Marc Lore and Alex Rodriguez are close to purchasing the team from Glen Taylor, the third owner of the Timberwolves.

Credit: AP Photo/Abbie Parr - Scanpix Credit AP Photo/Abbie Parr - Scanpix

Minnesota Timberwolves may come under the full ownership of Marc Lore and Alex Rodriguez as the two businessmen seek to buy the shares of the third owner, Glen Taylor.

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According to Shams Chanaria andJon Krawczynski of The Athletic, Lore and Rodriguez have submitted key financial documents from Glen Taylor to complete the purchase of the Timberwolves and the Minnesota Lynx, the WNBA team.

The same source also indicates that Dyal Capital Partners also joined as pre-approved investors and that Lore and Rodriguez are looking to purchase the shares as soon as the NBA gives the necessary approval.

Glen Taylor has been the majority owner of the Timberwolves since 1994 and the Lynx since 1999. Lore and Rodriguez purchased majority ownership of the team in 2021 in a deal where Taylor remained in control of 20% of the Timberwolves' shares.

The Timberwolves have been one of the hottest teams this season, being currently ranked 3rd in the Western Conference with a record of 47-22.

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