Current location:world >>
Timberwolves dispute between Taylor and Lore, Rodriguez over ownership moves to mediation
world29People have gathered around
IntroductionMINNEAPOLIS (AP) — The Minnesota Timberwolves ownership dispute is moving into mediation.The first s ...
MINNEAPOLIS (AP) — The Minnesota Timberwolves ownership dispute is moving into mediation.
The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex Rodriguez has been scheduled for May 1, according to a person with knowledge of the situation. The person spoke to The Associated Press on condition of anonymity Tuesday because the details were not being publicized. ESPN first reported the news.
The 82-year-old Taylor announced March 28 that he was exercising his right to pull out of the last part of the unusually structured deal because Lore and Rodriguez did not meet the deadline for the final payment — about $600 million — that was to transfer an additional 40% stake of the club.
Lore and Rodriguez vehemently disagreed. The pair said they were waiting on NBA approval for the paperwork they’d submitted by the March 27 deadline that entitled them, per the contract, to a 90-day extension. They accused Taylor of simply having seller’s remorse because the value of the Timberwolves has increased since the agreement, mirroring a continued spike in NBA revenues.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gazetteer news portal”。http://panama.downmusic.org/article-48d799187.html
Related articles
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
worldIf you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t ...
【world】
Read moreFormer drug dealer given second chance as dealer of pre
worldBy Tracy Neal, Open Justice reporter of ...
【world】
Read moreKings and royal princes were the rock stars of their day
worldNever take a mistress, Your Majesty, it'll only end in tears. This single piece of advice should hav ...
【world】
Read more
Popular articles
- Target to lower prices on basic goods in response to inflation
- Queen Camilla could stand in for King Charles at the 80th anniversary of D
- She's known as the no
- TikTok crackdown bill unanimously approved by US House panel
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- How Princess Diana's audacious bid for freedom 30 years ago became a heart
Latest articles
Student fatally shot, suspect detained at Georgia's Kennesaw State University
New US inflation data 'along the lines' of what Fed wants, Powell says
Hong Kong gov't contacts police over satirical fake press release congratulating porn star
Weather: Heavy rain warnings for Westland, Fiordland, Otago headwaters from Tuesday
Cruise worker 'murders newborn son on board ship': Shocked co
About MailOnline
LINKS
- Town prepares for possible 'last stand' as wildfires rage across Western Canada
- Eurovision fans left 'frantically Googling' co
- Blinken delivers strongest US criticism of Israel's conduct in Gaza war
- Thousands protest in Georgia over the weekend against 'Russia
- Meghan Markle and Prince Harry perform 'parent and child
- Santana homers, Ober fans 10 as red
- Israel marks memorial day, as Palestinians flee Rafah. Follow the latest
- Democrats hope abortion issue will offset doubts about Biden in Michigan
- 'Kingdom of the Planet of the Apes' reigns at the box office with $56.5 million opening
- Patrick Wisdom homers in the 10th, lifting Chicago Cubs to 5