Arbitration over Timberwolves, Lynx ownership begins for Glen …

Nov 4, 2024 · Listen. Lawyers for Timberwolves and Lynx owner Glen Taylor and lawyers for minority owners Marc Lore and Alex Rodriguez will start an arbitration hearing this week over …

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After Failed Mediation, Timberwolves, Lynx Ownership Dispute …

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May 2, 2024 · The Timberwolves and Lynx are valued at a combined $2.5 billion. The arbitration panel could rule in Taylor’s favor, determining he was allowed to say the team was no longer …

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Who owns the Timberwolves & Lynx?

An arbitration panel loaded with legal expertise will hear arguments before deciding whether Glen Taylor or Marc Lore and Alex Rodriguez have majority ownership of the Timberwolves and Lynx. Alex Rodriguez, Marc Lore and Glen Taylor laugh during a news conference announcing the potential sale of the Timberwolves and Lynx in 2021. ...

Will Glen Taylor still control the Minnesota Timberwolves?

MINNEAPOLIS (AP) — The Minnesota Timberwolves ownership dispute is moving into mediation. The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex Rodriguez has been scheduled for May 1, according to a person with knowledge of the situation. ...

What happened to the Timberwolves and Lynx?

“I will continue to work with Marc, Alex and the rest of the ownership group to ensure our teams have the necessary resources to compete at the highest levels on and off the court,” Taylor said. “The Timberwolves and Lynx are no longer for sale.” Later in the day, a spokesperson for Lore and Rodriguez issued a statement disputing Taylor’s account. ...

Will the Timberwolves sell the Lynx in 2021?

Alex Rodriguez, Marc Lore and Glen Taylor laugh during a news conference announcing the potential sale of the Timberwolves and Lynx in 2021. (Carlos Gonzalez/The Minnesota Star Tribune) ...

Will the WNBA intervene in the Timberwolves & Lynx dispute?

Commissioner Adam Silver said earlier this month that the league likely would not have a reason to intervene in the dispute. Lore, an e-commerce entrepreneur, and Rodriguez, the former Major League Baseball star, struck an agreement with Taylor in 2021 to buy the Timberwolves and the Minnesota Lynx WNBA franchise for $1.5 billion. ...

Are Timberwolves 'no longer for sale'?

Lawyers for Timberwolves and Lynx owner Glen Taylor and lawyers for minority owners Marc Lore and Alex Rodriguez will start an arbitration hearing this week over the legalities of Taylor’s claim in March that the teams were “no longer for sale.” ...