Who Owns the Minnesota Timberwolves?

The Minnesota Timberwolves are a professional basketball team based in Minneapolis, Minnesota. They are a member of the National Basketball Association (NBA), playing in the Western Conference’s Northwest Division. The Timberwolves play their home games at Target Center.

The team was founded in 1989 as an expansion team and has been owned by several individuals and groups over the years. The current ownership group, led by majority owner Glen Taylor, acquired the team in 1995.

Majority Owner: Glen Taylor

Glen Taylor is an American businessman and philanthropist who is the majority owner of the Minnesota Timberwolves. Taylor made his fortune in the printing industry, founding Taylor Corporation in 1975. He also owns the Star Tribune, Minnesota’s largest newspaper.

Taylor is a longtime sports fan and has been involved in several sports-related ventures. He was the owner of the Arena Football League’s Iowa Barnstormers from 1995 to 2001 and the Minnesota Lynx of the WNBA from 1999 to 2016.

Minority Owners

In 2021, Taylor sold a minority stake in the Timberwolves to a group led by former baseball player Alex Rodriguez and businessman Marc Lore. The deal valued the team at $1.5 billion.

Alex Rodriguez

Alex Rodriguez is a former professional baseball player who played for several MLB teams, including the Seattle Mariners, Texas Rangers, and New York Yankees. He was a 14-time MLB All-Star and won a World Series championship with the Yankees in 2009.

Since retiring from baseball, Rodriguez has become a successful businessman and investor. He is the co-owner of the NBA’s Minnesota Timberwolves and is involved in several other business ventures.

Marc Lore

Marc Lore is an American businessman and entrepreneur. He co-founded the e-commerce company Jet.com in 2014, which was acquired by Walmart in 2016. Lore is also the founder and CEO of Wonder, a subscription-based educational platform.

Lore is a longtime basketball fan and has been involved in several sports-related ventures. He is a minority owner of the NBA’s Minnesota Timberwolves and is also a board member of the NBA’s Board of Governors.

Future of Ownership

Glen Taylor has stated that he intends to eventually sell his majority ownership stake in the Timberwolves. It is unclear who will acquire the team once Taylor decides to sell, but it is likely that the current minority owners, Alex Rodriguez and Marc Lore, will be involved.

The Minnesota Timberwolves are a valuable asset in the NBA, and their ownership group is well-positioned to lead the team to future success.

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