NBA board unanimously approves sale of Minnesota Timberwolves and Lynx to Alex Rodriguez and Marc Lore, concluding a nearly four-year ownership transfer process.

New owners Lore and Rodriguez will assume full leadership responsibility for the Timberwolves, Lynx and Iowa Wolves.

The $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group led by e-commerce entrepreneur Marc Lore and former baseball star Alex Rodriguez has gained unanimous approval by NBA owners more than four years after the deal was reached.