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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 ...
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 process of Lore and Rodriguez becoming majority owners started in 2021 when Taylor agreed to sell the Timberwolves and the WNBA’s Minnesota Lynx to Rodriguez and Lore.
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 2021 lawsuit by a shareholder of the Timberwolves and Lynx against Taylor over the initial sale of the team provided a window into the teams' ownership structure and how the deal with Purple ...
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 ...
The Lynx have won four WNBA titles, while the Wolves have failed to reach even one NBA Finals under his ownership, which includes a 14-season playoff drought from 2004 to 2018. In 2000, Taylor received a nine-month suspension after signing Joe Smith to a secret contract in violation of the league's salary cap rules. [ 16 ]
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 ...