Marc Lore, Alex Rodriguez and Minnesota Timberwolves
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The three-person panel ultimately ruled in favor of Lore and Rodriguez, saying that Taylor had violated the terms of sale.
From CBS Sports
Glen Taylor opted not to appeal an arbitration panel's ruling that he must go forward with the $1.5 billion sale.
From U.S. News & World Report
The sale price of $1.5 billion is a bargain compared to what NBA franchises have sold for since Taylor first reached an agreement with Lore and Rodriguez in 2021.
From Bleacher Report
Read more on News Digest
The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves seems to finally be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel’s ruling that he must go forward with the $1.
Glen Taylor has agreed to transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday. Taylor agreed to part ways with the NBA and WNBA teams for $1.
The drawn-out drama surrounding the sale of the Minnesota Timberwolves is finally over. More than a year after Glen Taylor tried to retain majority control of the franchise by canceling its $1.5 billion sale to Marc Lore and Alex Rodriguez,
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EssentiallySports on MSNAlex Rodriguez Wins Timberwolves Ownership Battle, but $93M Issue Looms Over Julius Randle & Nickeil Alexander-Walker’s FutureAfter going to arbitration and waiting, Alex Rodriguez and Marc Lore can finally celebrate. The post Alex Rodriguez Wins Timberwolves Ownership Battle, but $93M Issue Looms Over Julius Randle & Nickeil Alexander-Walker’s Future appeared first on EssentiallySports.
Glen Taylor, Marc Lore and Alex Rodriguez have agreed to resolve their dispute over ownership of the Minnesota Timberwolves, with Lore and Rodriguez set to take full ownership of the team, according to ESPN's Shams Charania.
Glen Taylor has agreed to the Marc Lore-Alex Rodriguez group acquiring 100% ownership of the Minnesota Timberwolves and Minnesota Lynx at the same $1.5 billion price the sides agreed on in 2021, sources told ESPN.
The cannons in the long battle for control of the Minnesota Timberwolves appear to have fallen silent. Timberwolves owner Glen Taylor will not contest a February arbitration decision that awarded the franchise to prospective new owners Marc Lore and Alex Rodriguez,