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Rodriguez and Lore agreed to purchase the Timberwolves and Lynx from Taylor for $1.5 billion in 2021. They purchased a 20% stake initially, and then had three future options that would have given ...
The ownership transfer of the Minnesota Timberwolves must continue as originally planned, after a three-person arbitration panel ruled 2-1 that controlling owner Glen Taylor must cede control of ...
The Minnesota Timberwolves ownership dispute is moving into mediation. The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex ...
On July 31, 2007, the Minnesota Timberwolves reached a deal to trade All-Star Kevin Garnett to the Boston Celtics for Al Jefferson, Theo Ratliff, Gerald Green, Sebastian Telfair, Ryan Gomes, two first-round draft picks, and cash considerations. This is the largest combination of players and picks ever traded for a single player in NBA history.
The attempt by tech billionaire entrepreneur Marc Lore and former baseball star-turned-businessman Alex Rodriguez to acquire controlling ownership of the Minnesota Timberwolves and WNBA ...
Mediation was unsuccessful this week in the dispute between minority owners and business partners Marc Lore and Alex Rodriguez and principal owner Glen Taylor over majority control of the NBA's ...
Glen Albert Taylor (born April 20, 1941) is an American billionaire business magnate and politician from Minnesota. [1] Taylor made his fortune as the founder and owner of Minnesota-based Taylor Corporation, one of the largest graphic communication companies in the United States.
After months of speculation, on May 23, 1994, Top Rank successfully purchased the franchise for $152.5 million with the intention of relocating it to New Orleans. [14] The purchase occurred following an agreement between Top Rank and Timberwolves ownership that allowed Top Rank to purchase the franchise if no local ownership groups were found by May 20, 1994. [15]