NEW YORK – The NBA Board of Governors has unanimously approved the sale of the controlling interests in the Minnesota Timberwolves and the WNBA’s Minnesota Lynx from Glen Taylor to Marc Lore and Alex Rodriguez.

Mr. Lore and Mr. Rodriguez will serve as Co-Chairmen, with Lore assuming the role of Timberwolves Governor and Rodriguez as Alternate Governor. For the Lynx, Rodriguez will serve as Governor while Lore will act as Alternate Governor.

The transaction is expected to close this week.