A-ROD GROUP REACHES DEAL ON TIMBERWOLVES PURCHASE FOR $1.5 BILLION

By Barry Bloom

A group headed by former baseball star Alex Rodriguez has come to terms on its purchase of the NBA’s Minnesota Timberwolves and the WNBA’s Lynx a month after signing a letter of intent to do so.

The sale price is reported to be $1.5 billion, and A-Rod’s ownership along with businessman Marc Lore now must be approved by the NBA’s Board of Governors.

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