Glen Taylor has agreed to transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday.

The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves finally seems to be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel's ruling that he must go forward with the $1.

A process that began with a $1.5 billion agreement in 2021, finally moves on and now requires only NBA owners’ approval.