Rodriguez, Lore set to become Timberwolves majority owners after arbitration ruling

An arbitration panel has ruled in favor of Marc Lore and Alex Rodriguez, allowing them to proceed with the purchase of the Minnesota Timberwolves from Glen Taylor. This decision marks a significant step in a lengthy legal battle that began when Taylor attempted to halt the sale, claiming missed payment deadlines. Following the ruling, Lore and Rodriguez expressed their eagerness to complete the transaction and focus on the team's future. The NBA's Board of Governors must still approve the ownership transfer, a process expected to proceed without major issues. Taylor, who has owned the Timberwolves since 1994, expressed disappointment in the ruling and plans to review the decision. Lore and Rodriguez's ownership group also includes notable investors like former New York City Mayor Michael Bloomberg.