Wolves original president tells the story of the inaugural season
The owners decided to build a new arena in downtown Minneapolis, but the building wouldn’t be ready in time for the regular season.
Source: kare11.com
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Layaway's Last Laugh | Twin Cities Business
A-Rod and Marc Lore modernized the Minnesota Timberwolves, but left Glen Taylor holding the reins.
Source: tcbmag.com
Timberwolves Minority Owner Cries Foul, Files Suit Over Proposed Sale
Orbit Sports charges Wolves and Lynx owner with breach of contract, “silence and stonewalling.” The potential sale of the Minnesota Timberwolves and Lynx hit a big bump in the road on Wednesday. New Jersey-based Orbit Sports LLC, which owns more than 17 percent of the teams, has filed suit against Timberwolves owner Glen Taylor alleging that the Minnesota billionaire is breaching the partnership agreement with Orbit. ESPN first broke the news on Wednesday night. Taylor has struck a widely reported deal to sell the teams to Alex Rodriguez and Marc Lore for $1.5 billion. The lawsui...
Source: tcbmag.com
Alex Rodriguez, Marc Lore Finalizing Deal for Around $1.5B to Buy T-Wolves
Win McNamee/Associated Press MLB legend Alex Rodriguez and Marc Lore are finalizing an agreement to purchase the Minnesota Timberwolves from Glen Taylor, who bought a majority stake of the NBA team in 1994, according to ESPN's Adrian Wojnarowski. Wojnarowski reported the price is expected to be "in the $1.5 billion range." Shams Charania of The Athletic and Stadium shared a statement from Rodriguez and Lore: Shams Charania @ShamsCharania Alex Rodriguez and partner Marc Lore are nearing minority stakes with the Minnesota Timberwolves, with plan to take control of the franchise in two years u...
Source: bleacherreport.com
Alex Rodriguez, Marc Lore negotiating to succeed Glen Taylor as Timberwolves owners – The Athletic
62 Three-time MLB MVP Alex Rodriguez and e-commerce mogul Marc Lore have signed a letter of intent with Glen Taylor and are negotiating to succeed him as owners of the Minnesota Timberwolves and the WNBA’s Minnesota Lynx. Rodriguez and Lore signed the documents on Saturday and now have a 30-day exclusive negotiating window to try to finalize a deal with Taylor. If completed, it would infuse the Timberwolves with some mega-watt star power. It also would give Taylor the partners he has long sought to carry the franchise into the future as he prepa...
Source: theathletic.com