JUST IN: Arbitrator Settles Timberwolves Ownership Dispute
After four years of up-in-the-air ownership drama for the Minnesota Timberwolves, things appear to have been settled.
An arbitrator today ruled in favor of the major ownership of the organization should go to Mark Lore and Alex Rodriguez, ending the fight with Glen Taylor.
Taylor had originally announced that the Timberwolves and Lynx were for sale which triggered a $1.55 billion dollar bid from Lore and Rodriguez. Then. at the last minute, Taylor seemingly had a change of heart -- trying to retain majority ownership.
Sports Illustrated reports that Lore and Rodriguez have 90 days to complete the sale, which would also need to be approved by the NBA's Board of Governors.
According to Sportico, the Timberwolves are currently worth $2.94 billion, while the Lynx are valued at $85 million.
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