Wolves sale approved, as Taylor sends 20% to Lore, Rodriguez


              FILE - In this June 6, 2014, file photo, Minnesota Timberwolves team owner Glen Taylor speaks in Minneapolis. The first increment of the $1.5 billion sale of the Minnesota Timberwolves to e-commerce mogul Marc Lore and retired baseball star Alex Rodriguez has been formally approved by the NBA. The Timberwolves issued a statement Wednesday, July 21, 2021, confirming the transaction and welcoming Lore and Rodriguez to the organization. The deal, which also includes the WNBA franchise Minnesota Lynx, was first reached between current owner Glen Taylor and Lore and Rodriguez this spring and was structured to begin with an initial transfer of a 20% stake in the club this year(AP Photo/Ann Heisenfelt, File)
            
              FILE - In this May 2, 2016, file photo, Jet.com CEO Marc Lore speaks during an interview in Hoboken, N.J. The first increment of the $1.5 billion sale of the Minnesota Timberwolves to e-commerce mogul Marc Lore and retired baseball star Alex Rodriguez has been formally approved by the NBA. The Timberwolves issued a statement Wednesday, July 21, 2021, confirming the transaction and welcoming Lore and Rodriguez to the organization. The deal, which also includes the WNBA franchise Minnesota Lynx, was first reached between current owner Glen Taylor and Lore and Rodriguez this spring and was structured to begin with an initial transfer of a 20% stake in the club this year.  (AP Photo/Seth Wenig, File)
            
              FILE - In this July 11, 2017, file photo, former baseball player Alex Rodriguez reports from the field during the MLB baseball All-Star Game in Miami. The first increment of the $1.5 billion sale of the Minnesota Timberwolves to e-commerce mogul Marc Lore and retired baseball star Alex Rodriguez has been formally approved by the NBA. The Timberwolves issued a statement Wednesday, July 21, 2021, confirming the transaction and welcoming Lore and Rodriguez to the organization. The deal, which also includes the WNBA franchise Minnesota Lynx, was first reached between current owner Glen Taylor and Lore and Rodriguez this spring and was structured to begin with an initial transfer of a 20% stake in the club this year. (AP Photo/Lynne Sladky, File)