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 lawsuit, filed in federal court in Minneapolis, lists Taylor, Taylor Corp. and Taylor Sports Group Inc. as defendants.