Lore, Rodriguez Secure Timberwolves Ownership

Arbitrators have ruled in favor of Marc Lore and Alex Rodriguez in their bid to gain majority ownership of the Minnesota Timberwolves and Lynx, concluding a contentious legal dispute with current owner Glen Taylor. The panel's decision affirms Lore and Rodriguez’s claim that they adhered to the purchase agreement's timeline, despite Taylor's assertion they missed payment deadlines. This ruling allows the pair to proceed with acquiring an 80% stake, pending final approval from the NBA's Board of Governors. The original $1.5 billion deal, structured in stages, was initiated in 2021, with Taylor initially agreeing to mentor Lore and Rodriguez during the transition. Taylor expressed disappointment in the ruling, citing missed deadlines as his reason for attempting to halt the sale. The decision now shifts focus to obtaining the necessary votes from the league's governors to finalize the ownership transfer.