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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 Timberwolves and Lynx are no longer for sale.” In a subsequent statement to the Associated Press , Taylor presented the about-face as a plus, saying “I don’t need the money, so I ...
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 ...
MINNEAPOLIS (AP) — 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 NBA club to partners Marc Lore and Alex Rodriguez in the disputed final phase of the $1.5 billion sale that was uniquely arranged nearly four years ago to give Lore and ...
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 ...
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 ...
Unpacking exactly what transpired to scuttle the completion of the sale of the Timberwolves from Glen Taylor to Marc Lore and Alex Rodriguez might take a while, and could be a matter for lawyers.
The magazine further designated Southern Tide to be the 6th fastest growing company in the "products and services" category as well as the fastest growing apparel company. [3] As a trifecta, Southern Tide named the second fastest growing company in the state of South Carolina for 2011 by the Capital Corporation.
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