war over minnesota timberwolves It’s heating up.
Owner Glen Taylor announced Thursday that he would not put the team up for sale following his comments. MLB Legend Alex Rodriguez E-commerce entrepreneur Mark Lore failed to meet certain deadlines agreed to in the terms of the original sale.
Tim Connelly, new president of basketball operations for the Minnesota Timberwolves, speaks with the team ownership group at the Minnesota Timberwolves and Lynx courts at Mayo Clinic Square on May 31, 2022 in Minneapolis, Minnesota. will be introduced to the media by Glen Taylor, Marc Lore, and Alex Rodriguez. (David Sherman/NBAE via Getty Images)
“I will continue to work with Mark, Alex, and the rest of the ownership group to ensure our team has the resources it needs to compete at the highest level on and off the court,” Taylor said in a statement provided by the team. “I will.”
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“The Timberwolves and Lynx are no longer for sale.”
But Rodriguez and Lorre don’t seem to agree.
Rohr: “We will become owners of the Minnesota Timberwolves” told Sportico on friday. “It’s only a matter of time. How much pain does Glenn want to cause the fans, the players, the town, the community? That’s his choice. It didn’t have to happen this way.”
In a joint statement released by Rodriguez and Rohr, they accused Taylor of having “seller’s scruples.”
Minnesota Timberwolves co-owners Alex Rodriguez (R) and Marc Rohr interact during the second quarter against the Los Angeles Lakers at Target Center on December 30, 2023 in Minneapolis, Minnesota. The Timberwolves defeated the Lakers 108-106. (David Berding/Getty Images)
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The $1.5 billion contract includes WNBA franchise, It was agreed about three years ago. It was structured in such a way that there was a gradual leadership transition from Taylor to the investment group. They purchased about 20% of the franchise in 2021 and another 20% portion in 2023.
In a statement, Rodriguez and Lorre defended their roles in the deal, saying they had fulfilled all their obligations and “have all the necessary funds” to close the deal.
According to multiple reports, the relationship between the two has been on the rocks for some time. Sources told Sportico that the owner’s suite built by Rodriguez and Lorre is just one point of contention.
Rodriguez refuted this in a comment to the media.
Minnesota Timberwolves part-owners Alex Rodriguez (left) and Glen Taylor celebrate after a game against the Boston Celtics at Target Center on November 6, 2023 in Minneapolis, Minnesota. The Timberwolves defeated the Celtics 114-109 in overtime. (David Berding/Getty Images)
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“Think from our side, if we had an ironclad agreement like we have now, how Mark and Alex would be more worried about the owner’s suite than they are about reality. Shall we talk?” [basketball] “Trade?” Rodriguez said. “That’s very childish. But you only do that if you don’t have a place to sit.”
As the value of NBA franchises rises, accusations of “seller’s remorse” continue to emerge. According to ESPN, the Phoenix Suns dallas mavericks And the Charlotte Hornets were all sold at a valuation of at least $3 billion.
They also arrive in the midst of Minnesota’s success on the court. The Timberwolves (50-22) defeated the Detroit Pistons on Wednesday to reach the 50-win mark for the fifth time in the franchise’s 35-year history. They are also tied for second place in the Western Conference.
The Associated Press contributed to this report.
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