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Pending Timberwolves Sale May Violate Partnership Agreement Author: May 26, 2021 Marc Lore and Alex Rodriguez's purchase of the Timberwolves from owner Glen Taylor hit a speed bump as Meyer Orbach, the second largest shareholder of the franchise, filed a complaint in U.S. District Court. According to a copy of the complaint obtained by ESPN, Orbach is alleging that the purchase violates the franchise's partnership agreement. It cites Taylor's failure to honor "tag-along rights" for the minority investors. Their rights allow them to sell their interests before Taylor, according to the documen...

Sued by partner over sale, Glen Taylor says Wolves won’t move Taylor recently finalized an agreement to sell the team to Marc Lore and former baseball star Alex Rodriguez. Dave Campbell | The Associated Press May 27, 2021 5:00 PM Glen Taylor originally purchased the Timberwolves in 1994 for $88 million. 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. Taylor, who also owns the WNBA’s Minnesota L...

The playoff schedule tonight includes three pivotal matchups for some of the league’s top contenders.

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...

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. Taylor, who also owns the WNBA’s 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 Taylor’s stake. Lore and Rodriguez would be on track to become majorit...