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The Minnesota Timberwolves ownership dispute is moving into mediation. The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex ...
Lore and Rodriguez were expected to make their third and final installment of a $1.5 billion payment to Taylor for the teams by March 27, giving them 80% ownership of the franchises.
In 2021, Lore and Rodriguez agreed to purchase the franchises for $1.5 billion. They had 90 days to complete the final step of the sale after informing Taylor in December 2023 of their intent to ...
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 ...
Alex Rodriguez's bid to become the majority owner of the Minnesota Timberwolves gained a new wind Wednesday. ... CBS News. 579 animals killed after fire rips through Northwest Dallas shopping center.
Glen Albert Taylor (born April 20, 1941) is an American billionaire business magnate and politician from Minnesota. [1] Taylor made his fortune as the founder and owner of Minnesota-based Taylor Corporation, one of the largest graphic communication companies in the United States.
Since late March, coach Chris Finch has said the Timberwolves' ownership dispute hasn't much affected the team at "troop level." That trouble started when owner Glen Taylor said a deal for Alex ...
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]