Marc Lore and Alex Rodriguez now possess a relatively clear path to becoming the controlling owners of the Timberwolves and Lynx.
A source confirmed majority owner Glen Taylor has agreed to transfer ownership, declining to take further legal action after losing the arbitration ruling handed down in February. That ruling concluded Taylor was not within his rights to call off the deal last year.
The ownership group led by Lore and Rodriguez is set to attain 100% control of the organization at the $1.5 billion purchase price originally agreed upon by the two sides back in 2021.
ESPN reported the NBA has started the transfer process on its end, which will ultimately include a board of governors vote that is expected to pass with ease.
The Timberwolves and Lynx now have complete clarity, and Lore and Rodriguez can now move forward with their future plans for the two teams. Likely included in those in the future: A push for a new area.
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