Alex Rodriguez and Marc Lore closed a second, $290 million payment towards full ownership of the Minnesota Timberwolves and Lynx, sources told Shams Charania and Jon Krawczynski of The Athletic.
They both now own 40% of each franchise.
Lore and Rodriguez recruited other investors to join Purple Buyers Holdings LLC, who are limited partners of the Timberwolves.
Lore and Rodriguez will now need to purchase another 40% of the team by December 31.
