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MINNEAPOLIS (AP) — Timberwolves owner Glen Taylor expressed confidence Thursday that the NBA franchise will remain in Minnesota after it is sold, responding to a federal lawsuit against him by one of his investors alleging breach of contract.
By DAVE CAMPBELL AP Sports Writer MINNEAPOLIS (AP) â Timberwolves owner Glen Taylor expressed confidence Thursday that the NBA franchise will remain in Minnesota after it is sold, responding to a federal lawsuit against him by one of his investors alleging breach of contract. Taylor, who also owns the WNBAâs Minnesota Lynx, recently finalized an agreement to sell the basketball clubs to e-commerce mogul Marc Lore and former baseball star Alex Rodriguez for $1.5 billion. The deal would unfold incrementally, beginning this year with a 20% purchase of Taylorâs stake. L...
By Pat Sweeney May 27, 2021 | 11:35 AM Timberwolves owner Glen Taylor is expressing confidence the NBA team will remain in Minnesota under new ownership. One of his investors has sued Taylor in federal court, alleging breach of contract because of the sale. Taylor also owns the WNBA’s Minnesota Lynx. He recently finalized an agreement to sell the basketball teams to e-commerce mogul Marc Lore and former baseball star Alex Rodriguez for $1.5 billion. Taylor is being sued by minority partner Meyer Orbach, who currently owns about 17% of the teams. Orbach contends Taylor is denying his...
Owner says he's committed to keeping T-Wolves in Minnesota Field Level Media 28 May 2021, 04:40 GMT+10 Minnesota Timberwolves owner Glen Taylor on Thursday remained steadfast in his commitment to keeping the NBA franchise in Minnesota despite being involved in a federal lawsuit with one of his investors. Taylor, who also owns the WNBA's Minnesota Lynx, recently agreed to sell the basketball clubs to former baseball star Alex Rodriguez and entrepreneur Marc Lore for $1.5 billion. Meyer Orbach, who owns approximately 17 percent of the Timberwolves and Lynx, filed a complaint in U.S. District Co...
Fear of Wolves leaving Minnesota keeps popping up as sale nears completion Fear of Timberwolves leaving Minnesota keeps popping up as sale nears completion Wolves Insider: A lawsuit by minority owner Meyer Orbach revealed no stipulation to keep team in Minneapolis. May 27, 2021 — 4:53pm Text size Copy shortlink: The most concerning revelation for the Timberwolves from the lawsuit minority owner Meyer Orbach filed against Glen Taylor for breach of contract wasn't that Taylor might have violated ...