Glen Taylor says the T-wolves are no longer for sale. Lore and A-Rod say it’s seller remorse
Associated PressMINNEAPOLIS — The ownership transfer of the Minnesota Timberwolves slammed to a halt when Glen Taylor declared on Thursday he won’t take the final step of his drawn-out $1.5 billion deal to hand Marc Lore and Alex Rodriguez the majority stake because they didn’t meet all of the deadlines in the sale conditions. This way everybody gets to keep their jobs, and I’ll be happy.” Lore, the e-commerce entrepreneur, and Rodriguez, the former Major League Baseball star, issued a joint statement expressing disappointment in Taylor and contending that they’ve upheld their end of the deal that was to also include the WNBA’s Minnesota Lynx. Taylor said he’s greeted Lore and Rodriguez in passing at recent games but spoken little with them about the sale of the club. “I’m open to that, because I think in any legal thing that’s the way you resolve things,” Taylor said.
History of this topic
Timberwolves sale to Marc Lore and Alex Rodriguez back on track after arbitration ruling
Associated PressBloomberg joins Lore-Rodriguez group for in-dispute purchase of Timberwolves, AP source says
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Associated Press
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New York Times
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New York Times
Behind the scenes of Tim Connelly’s mega deal to the Timberwolves
New York Times
Wolves sale approved, as Taylor sends 20% to Lore, Rodriguez
Associated Press)
Former baseball star Alex Rodriguez, partner in agreement to buy NBA's Timberwolves, WNBA's Lynx
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T-wolves owner: A-Rod, partner in agreement to buy NBA club
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