Wolves Ownership Saga
Posted: Sat Apr 20, 2024 12:44 pm
Where’d the other thread go?
“On April 10, Lore attended the evening reception at the NBA Board of Governors meeting at the invitation of the NBA and mingled with Commissioner Adam Silver, two sources with direct knowledge of the situation said.
Part of the argument Lore is making is that Taylor roughly a year ago bought four percent of the team from limited partners.
Now, Taylor owns 36.1 percent of the Timberwolves, and Lore and A-Rod 36 percent. Other investors own smaller stakes.
The theory goes that Taylor did this even though he was selling the team so when a legal fight happened about stopping Lore and A-Rod from increasing their stake, he would still have the largest equity position in the Timberwolves.
In other words, Lore and A-Rod believe he was plotting to stop this deal all along so they would not take control of the team regardless of whether they hit the deadline.”
https://nypost.com/2024/04/18/sports/marc-lore-pushing-to-own-timberwolves-as-glen-taylor-fight-continues/amp/
“On April 10, Lore attended the evening reception at the NBA Board of Governors meeting at the invitation of the NBA and mingled with Commissioner Adam Silver, two sources with direct knowledge of the situation said.
Part of the argument Lore is making is that Taylor roughly a year ago bought four percent of the team from limited partners.
Now, Taylor owns 36.1 percent of the Timberwolves, and Lore and A-Rod 36 percent. Other investors own smaller stakes.
The theory goes that Taylor did this even though he was selling the team so when a legal fight happened about stopping Lore and A-Rod from increasing their stake, he would still have the largest equity position in the Timberwolves.
In other words, Lore and A-Rod believe he was plotting to stop this deal all along so they would not take control of the team regardless of whether they hit the deadline.”
https://nypost.com/2024/04/18/sports/marc-lore-pushing-to-own-timberwolves-as-glen-taylor-fight-continues/amp/