Sportico
@Sportico
BREAKING NEWS: The @Timberwolves
and @minnesotalynx
will NOT be sold to Marc Lore and Alex Rodriguez per a press release
"Under terms of the purchase agreement, the closing was required to occur within 90 days following the exercise notice issued by Lore and Rodriguez. That 90-day period expired on March 27, 2024."
Interesting development.
@wojespn
The relationship between Taylor and his successors – Lore and Rodriguez – disintegrated over the past two-plus years, sources tell ESPN. Lore/Rodriguez did raise money necessary to purchase controlling interest, but Taylor contends that they didn’t meet contractual deadlines throughout transition.
'partnership' such as theirs...
Combine that with the fact that Taylor was selling the team at lower price than he could sell it now, he's obviously just backing out of the deal.
@ShamsCharania
A-Rod: "We can be in this (fight) for five years, 10 years, whatever. We’re not going to let go."
Lore: "We will use every ounce of effort here to enforce the contract that Glen broke."
Glen Taylor has barred both from back hallways of arena and communication with team execs.