New Wolves’ Ownership Group Intend To Keep Team In Minnesota

A deal for Glen Taylor to sell the Minnesota Timberwolves to Alex Rodriguez and Mark Lore is expected to be completed in the near future after the investment group signed a letter of intent on Saturday.

Sources tell The Athletic that the plan is for the Wolves to remain in Minnesota.

The Wolves would likely be forced to pay a relocation fee of anywhere between $500 million to $1 billion should they decide to move and that move is approved.

The Wolves currently play in the 14th large media market in the country while Seattle is 12th.

Sources also say the franchise’s financials are not in terrible shape.

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