Ownership Dispute: Minnesota Timberwolves and Lynx Sale Falls Through – What Happens Next?
MINNEAPOLIS, MINNESOTA – After much anticipation and negotiations, the Minnesota Timberwolves and Minnesota Lynx are no longer up for sale. Owner Glen Taylor announced on Thursday that prospective buyers Marc Lore and Alex Rodriguez failed to meet the deadline to close the deal, resulting in the franchises staying under Taylor’s ownership. Lore and Rodriguez had initially agreed to purchase a majority stake in the franchises for a reported $1.5 billion in 2021, with payments to …