The NBA announced Tuesday afternoon that the league's Board of Governors has unanimously approved the sale of the Minnesota Timberwolves from Glen Taylor to new owners Marc Lore and former MLB star Alex Rodriguez. The transaction, which is expected to close this week, also includes ownership of the WNBA's Minnesota Lynx.

Four years after starting the process to take over, Marc Lore and Alex Rodriguez are officially in charge of the Minnesota Timberwolves.

The Minnesota Timberwolves and Lynx sale to a group led by Marc Lore and Alex Rodriguez will become final later this week after being approved officially by the NBA Board of Governors. The transaction is expected to close this week, officially marking the "end of an era" for Wolves fans.