Despite a long history with the team, owner Glen Taylor found himself in the spotlight, not just for his decision to sell but for the financial implications that came with it. This article delves into the reasons behind Taylor's sale of the Timberwolves,
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 transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday.
The Minnesota Timberwolves could reportedly rekindle their relationship with Kevin Garnett now that the team has been sold.
Former MLB star Alex Rodriguez and entrepreneur Marc Lore have agreed to purchase the NBA's Minnesota Timberwolves for $1.5 billion following a yearslong legal dispute with current owner Glen Taylor.
The arbitration ruling stated that Rodriguez and Lore, who agreed to buy the team for $1.5 billion in 2021, did not violate terms of the purchase agreement, which Taylor alleged. The Timberwolves/Lynx have been valued at just above $3 billion by Forbes and Sportico.
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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,
Glen Taylor is ceding control of the Minnesota Timberwolves and Lynx to partners Marc Lore and Alex Rodriguez.