Sued by partner over sale, Taylor says T-wolves won't move
Timberwolves Sale Basketball FILE - Minnesota Timberwolves team owner Glen Taylor speaks in Minneapolis, in this June 6, 2014, file photo. Timberwolves owner Glen Taylor has reached agreement on his $1.5 billion sale of the club. Taylor previously said the deal was contingent on Lore and Rodriguez keeping the team in Minnesota. According to the complaint, Orbach's tag-along rights were triggered by the sale agreement, but Taylor has denied them. The complaint also accuses Taylor of misleading public statements about the contractual requirement that Lore and Rodriguez keep the Timberwolves in Minnesota.
wftv.comAP source: T-wolves sale to Lore, A-Rod up for NBA approval
Minnesota Timberwolves owner Glen Taylor has reached agreement on his $1.5 billion sale of the club. The person spoke to the AP on condition of anonymity because league approval was still pending and neither side had publicly announced an agreement. The deal, which Taylor previously said was contingent on Lore and Rodriguez keeping the team in Minnesota, was first reported by The Athletic. Any sale of an NBA club must ultimately approved by the league’s Board of Governors, which could come later Thursday. ___More AP NBA coverage: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports
wftv.comMinnesota Timberwolves could sell for over $1 billion, but they're saddled with leadership and image problems
Glen Taylor, owner of the Minnesota Timberwolves passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November 15, 2017 at the Target Center in Minneapolis, Minnesota. It's how one team front office member described the Minnesota Timberwolves, the latest National Basketball Association franchise to hit bottom and now has the lowest winning percentage in major sports. And the Timberwolves roster, the main business attraction, is the other confusing piece and could be on the verge of another makeover. Head Coach, Chris Finch of the Minnesota Timberwolves talks to his team during the game against the Charlotte Hornets on March 3, 2021 at Target Center in Minneapolis, Minnesota. Cody Martin #11 of the Charlotte Hornets shoots the ball against the Minnesota Timberwolves on March 3, 2021 at Target Center in Minneapolis, Minnesota.
cnbc.com