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Sued by partner over sale, Taylor says T-wolves won't move | iNFOnews | Thompson-Okanagan's News Source

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.

Sued by partner over sale, Taylor says T-wolves won't move

By DAVE CAMPBELL AP Sports Writer 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 majority owners for the 2023-24 seasons.

Sued by partner over sale, Glen Taylor says Wolves won't move

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 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 majority owners for the 2023-24 seasons.