Overview

• The NBA Board of Governors will vote Tuesday on final approval of Marc Lore and Alex Rodriguez’s $1.5 billion purchase of the Timberwolves and Lynx.
• A 2-1 arbitration panel ruled in February that Glen Taylor had no legal basis to cancel the sale after missed payment claims.
• Taylor and his wife Becky issued a farewell statement closing a 30-year era that began with the 1994 Timberwolves acquisition.
• Lore and Rodriguez have secured backing from investors including Michael Bloomberg and Eric Schmidt and have pledged to keep both teams in Minnesota.
• The incoming owners plan to explore construction of a new arena despite a potential $50 million penalty for ending the lease at Target Center.