Timberwolves’s Glen Taylor makes a goodbye statement as his ownership ends
In April 2021, Timberwolves owner Glen Taylor agreed to sell the team for $1.5 billion. After a long, draw process, the sales of the franchise will be finalized this week.
One hundred percent of Minnesota Timberwolves and Minnesota Links franchises will be sold to Mark Lore and Alex Rodriguez. In 1994, Glen Taylor bought the Timberwolves for $88 million. This helps stop the team from moving to New Orleans. Taylor and his wife Becky posted a goodbye statement through the team’s website on Monday. They thank everyone who has been with Timberwolves during their 30-year journey.
Glen Taylor thanks him for being part of Timberwolves owner
Glen and Becky Taylor said, “Thank you, Minnesota”
“When we moved the Timberwolves from the Timberwolves in New Orleans in 1994, we wanted to build something that could unite people in Minnesota and beyond. When we added Lynx in 1998, it was driven by our beliefs… pic.twitter.com/ffoaurfar7
– Wolves’ lead (@twolveslead) June 23, 2025
In 2021, news broke that Timberwolves boss Glen Taylor sold 100% of the team to Mark Lore and Alex Rodriguez. This is a unique process of obtaining ownership of a franchise. Mark Lore and Alex Rodriguez bought the team in installments for $1.5 billion. All parties agree to this process in 2021. When Lore and Rodriguez paid the final payment, Glen Taylor said it was invalid.
He said the final payment was not made before the prescribed deadline. Mark Lore and Alex Rodriguez raised this disagreement and went to arbitration. Lore and Rodriguez won and a deal was concluded afterward. The NBA has officially begun transferring ownership, including a vote on the board.
Longtime Timberwolves boss Glen Taylor posted a goodbye statement through the team’s website on Monday. He said this.
“After 30 years of unforgettable years, our time as owners of Minnesota Timberwolves and Bobcats is over. This marks the end of the extraordinary chapters of our lives – full of purpose, pride and deep connection.” – Glen Taylor
Additionally, Glen Taylor and his wife Becky thanked the team’s fans. The Taylors are very grateful to Minnesota for welcoming their family with open arms. Glen Taylor noted in a statement that he and his wife will still play as fans of the team. Mark Lore and Alex Rodriguez will start a new chapter as owners of the Minnesota Timberwolves.
