The NBA announced Tuesday afternoon that the league's Board of Governors has unanimously approved the sale of the Minnesota Timberwolves from Glen Taylor to new owners Marc Lore and former MLB star Alex Rodriguez. The transaction, which is expected to close this week, also includes ownership of the WNBA's Minnesota Lynx.

Billionaire Glen Taylor backed out of an earlier agreement to sell the team, leading to a months-long arbitration process.

Alex Rodriguez and Marc Lore, who became fast friends during the pandemic, are about to become majority owners of the Timberwolves and Lynx in a $1.5 billion deal. Rodriguez was trying to buy the New York Mets in 2020 when a friend told him: “You have to meet this Walmart guy,