Timberwolves, Lynx ‘no longer for sale’ as deal with Alex Rodriguez, Marc Lore falls through WSOC TV [Video]

Glen Taylor will remain as the controlling owner of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx after former MLB player Alex Rodriguez and entrepreneur Marc Lore missed a deadline to buy a controlling interest.

Lore and Rodriguez, who currently own 40%, were seeking to acquire an additional 40% ($600 million) to take over the majority share but did not meet a Wednesday deadline per an agreement with Taylor.

Under certain circumstances, the buyer could have been entitled to a limited extension. However, those circumstances did not occur.

“I will continue to work with Marc, Alex and the rest of the ownership group to ensure our teams have the necessary resources to compete at the highest levels on and off the court,” said Taylor in a statement. “The Timberwolves and Lynx are no longer for sale.”

In 2021, Lore and Rodriguez agreed to purchase the franchises for $1.5 billion. They had 90 days to …