Quick Facts: Minnesota Timberwolves
| Current Owners | Marc Lore (Governor) & Alex Rodriguez (Alternate Governor) |
| Ownership Type | Private |
| Deal Closed | June 2025 |
| Deal Value | $1.5 billion |
| Bought From | Glen Taylor |
| Also Owns | WNBA’s Minnesota Lynx, Iowa Wolves (G League) |
| Sale Process | Four-year legal dispute before closing |
Who Owns the Minnesota Timberwolves?
Marc Lore and Alex Rodriguez are the controlling owners of the Minnesota Timberwolves, with the NBA Board of Governors unanimously approving their purchase after a four-year legal battle that finally closed in June 2025.
Lore serves as Governor and Rodriguez as Alternate Governor, together holding full leadership responsibility not just for the Timberwolves but also the WNBA’s Minnesota Lynx and the Iowa Wolves G League affiliate.
The deal, valued at roughly $1.5 billion, had an unusually messy path to completion: former owner Glen Taylor attempted to back out of the original agreement, triggering years of arbitration and legal wrangling before Lore and Rodriguez’s ownership was finally confirmed.
Lore made his fortune as an e-commerce entrepreneur, founding Jet.com (sold to Walmart) and later running Walmart’s U.S. e-commerce business, while Rodriguez brings both his own business ventures and his profile as a former MLB star to the ownership group.
Minnesota Timberwolves Ownership History
| Year | Event | Owner / Key Figure | Notes |
|---|---|---|---|
| 1994 | Glen Taylor buys the team | Glen Taylor | Kept franchise from a threatened relocation |
| 2021 | Lore & Rodriguez agree to buy the team | Marc Lore & Alex Rodriguez | Structured as a phased-in purchase |
| 2021–2024 | Taylor disputes the sale terms | Glen Taylor (contesting) | Years of arbitration and legal proceedings |
| 2025–Present | Sale finalized, $1.5 billion | Marc Lore & Alex Rodriguez | NBA Board of Governors unanimous approval, June 2025 |
About Marc Lore & Alex Rodriguez
Lore built and sold Diapers.com before founding Jet.com, which Walmart acquired in 2016 for $3.3 billion; he then ran Walmart’s U.S. e-commerce division before turning to sports ownership.
Rodriguez, a former MLB All-Star, has built a post-playing career as a broadcaster and investor, giving the Timberwolves ownership group a combination of tech-entrepreneur and professional-athlete perspectives that’s relatively uncommon among NBA controlling owners.
Key Ownership Highlights
- The sale took four years to actually close: Glen Taylor’s attempt to back out of the original 2021 agreement triggered a lengthy arbitration process before Lore and Rodriguez’s ownership was confirmed in 2025.
- Ownership extends beyond the Timberwolves themselves: Lore and Rodriguez also control the WNBA’s Minnesota Lynx and the Iowa Wolves G League team.
- Leadership roles are formally split: Lore holds the Governor title with Rodriguez as Alternate Governor, a common structure for multi-owner NBA groups.
- Both owners bring unconventional backgrounds to NBA ownership: Lore from e-commerce entrepreneurship, Rodriguez from professional baseball and broadcasting.
- Early priorities have focused on fan experience and legacy repair: including new ticketing technology and reported efforts to mend the franchise’s relationship with former star Kevin Garnett.
Frequently Asked Questions
Who owns the Minnesota Timberwolves?
Marc Lore (Governor) and Alex Rodriguez (Alternate Governor), whose purchase closed in June 2025.
Why did the Timberwolves sale take so long to complete?
Former owner Glen Taylor disputed the terms of the original 2021 agreement, leading to roughly four years of arbitration before the sale closed.
How much did Lore and Rodriguez pay for the team?
Approximately $1.5 billion.
Do Lore and Rodriguez own other teams?
Yes, the WNBA’s Minnesota Lynx and the Iowa Wolves G League affiliate.
Who owned the Timberwolves before Lore and Rodriguez?
Glen Taylor, who bought the team in 1994.
