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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 ...
FILE - Minnesota Timberwolves minority owners Marc Lore, middle left, and Alex Rodriguez, middle right, watch during the second half of an NBA basketball game against the New York Knicks Dec. 19 ...
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 ...
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.
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 ...
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]
Rodriguez and Lore were seeking to acquire an additional 40% stake to take over the majority share of the Timberwolves and Lynx. Timberwolves, Lynx 'no longer for sale' as deal with Alex Rodriguez ...