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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 Timberwolves and Lynx are no longer for sale." Minnesota Timberwolves and Lynx minority owners Marc Lore and Alex Rodriguez talk in the fourth quarter of the game against the Phoenix Suns at ...
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 ...
Lore, an e-commerce entrepreneur, and Rodriguez, the former Major League Baseball star, struck an agreement with Taylor in 2021 to buy the Timberwolves and the Minnesota Lynx WNBA franchise for $1 ...
Lore and Rodriguez were expected to make their third and final payment installment to Taylor on March 27, 2024, raising their ownership interest from 40% to 80% in both the Timberwolves and Lynx, stemming from the April 2021 agreement to purchase the team. [119] However, Lore and Rodriguez's payment was not made by the deadline.
In 2021, Taylor entered into an agreement allowing Marc Lore, founder of the food-delivery company Wonder Group and Jet.com, an e-commerce business, and Alex Rodriguez, a former professional baseball player, to acquire the Timberwolves and the Lynx for an estimated $1.5 billion. Upon consummation of the current option stage, Taylor would retain ...
Forbes valued the Timberwolves at $3.1 billion in its latest projections for NBA clubs published at the beginning of the 2024-25 season, more than double the amount of the original agreement. That ...
In addition to control of the Minnesota Timberwolves and Minnesota Lynx, financial damages are at stake in the ongoing ownership dispute between want-to-be buyers Marc Lore and Alex Rodriguez and ...