Pompliano: How Glen Taylor sabotaged the Wolves' Ownership Deal (thread)

[GoCeltics123]

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[thinktank]

As a Wolves fan, I thought this was plain to see.

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

[Johnny Bball]

Great read OP.

The sale was in tiers because it was Taylors request, not the new buyers.
A-rod and Lore had a backup partner in place for Carlysle that own minority shares of other NBA teams and had the funding.
NBA was reviewing new members at the above backup partner and the process of that that should have triggered an extension of 90 days.
Taylor is screwed his existing partners for the capital gain and took it all himself from the new buyers purchasing shares. Getting sued.
Taylor quietly bought out one small limited partner before this tiers sale with that money to ensure he still owned majority over the new buyers, because by taking all of the capital gain it to place him under their shareholdings.
Taylor screwed his partners on the interest they are getting on their money.
Taylor screwed his partners and the new buyers on the sale.
Connelly was exclusively the new buyers idea and Taylor didn't like the salary agreement.
Taylor has offered to sell the team a dozen times never following through.
Taylor was likely never going to sell the team.
Connelly likely exercises his option and leaves.
New Buyers weren't going to demand the team be under the tax, that was from the business plan part of their filing to the NBA that had them at the tax, which is apparently standard.
Likely takes years, goes to arbitration then court and Taylor loses. Or dies first.

Well, that Shrink guy from the other thread was wrong about almost everything conceivably possible.

[Johnny Bball]

As a Wolves fan, I thought this was plain to see.

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

It was plain to see. Give them their receipt here.

[heatwillbeback]

I think he had second thoughts on the deal, as one may do with the year Minnesota has had, and how elite Ant is/will be.


He saw an out.

[Buckeye-NBAFan]

I think he had second thoughts on the deal, as one may do with the year Minnesota has had, and how elite Ant is/will be.


He saw an out.

I think it has more to do with the team being worth over 2x what he sold it for

[shrink]

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

As usual, you are posting things you know aren’t true.

As you were told when you started a new thread to bypass the first moderator lock, the thread was locked until after the playoffs because so many people were acting like dicks. It had nothing to do with the moderators supporting Taylor. You’ll just say dishonest things because you’ve always loved drama and like seeing the world burn. Here is what the mods said about the locks:

I'll reopen it once the Playoffs are done, it just was too much of a mess to moderate. Wasn't worth banning posters after multiple warnings for a conflict that is going to last over a year.

Look back at what you just said thinktank. Do you think you honestly represented the moderators position?

Moderators have a tough enough job without you acting like this.

[Shaka_Zulu]

Once a snake, allways a snake.


Cant wait for the day Glen Taylor is forgotten footnote in timberwolves fans minds.

[Texas Chuck]

Well, that Shrink guy from the other thread was wrong about almost everything conceivably possible.

Maybe. Or maybe this guy's source is Lore's people.

Funny how with each report that comes out, whatever side one was already on, its taken as full validation. Meanwhile all the reporting that has come out supporting the opposite is immediately dismissed.

I have no rooting interest here--save I want Minny to get to keep their team, and all of the reporting taken as a whole don't look great for the Lore group. Even if Taylor is also being difficult.

But many of you don't care about truth, just about being proven "right". To shrink's credit throughout this saga, his posts have all about trying to get to what's real rather to what he wants. If that makes him wrong, I'd like to be wrong in similar fashion more often. Rather than claiming to be right by reading selectively.

[Mavrelous]

The odds of a former politician and CEO billionare is actually a good guy are slim to none, but the article sounds very one-sided with lots of assumptions and speculations passed on as facts, so reader beware.

[Shaka_Zulu]

As a Wolves fan, I thought this was plain to see.

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

As usual, you are posting things you know aren’t true.

As you were told when you started a new thread to bypass the first moderator lock, the thread was locked until after the playoffs because so many people were acting like dicks. It had nothing to do with the moderators supporting Taylor. You’ll just say dishonest things because you’ve always loved drama and like seeing the world burn. Here is what the mods said about the locks:

I'll reopen it once the Playoffs are done, it just was too much of a mess to moderate. Wasn't worth banning posters after multiple warnings for a conflict that is going to last over a year.

Look back at what you just said thinktank. Do you think you honestly represented the moderators position?

Moderators have a tough enough job without you acting like this.

Wolves brothers dont fight, only howl in unison. Not until we extinguished the Phoenix sunshine, eaten some Nuggets, and stomped on some Irish leaves.



Now thinktank and shrink, you know what to do:

[Domejandro]

Well, that Shrink guy from the other thread was wrong about almost everything conceivably possible.

Maybe. Or maybe this guy's source is Lore's people.

Funny how with each report that comes out, whatever side one was already on, its taken as full validation. Meanwhile all the reporting that has come out supporting the opposite is immediately dismissed.

I have no rooting interest here--save I want Minny to get to keep their team, and all of the reporting taken as a whole don't look great for the Lore group. Even if Taylor is also being difficult.

But many of you don't care about truth, just about being proven "right". To shrink's credit throughout this saga, his posts have all about trying to get to what's real rather to what he wants. If that makes him wrong, I'd like to be wrong in similar fashion more often. Rather than claiming to be right by reading selectively.

The confusing part is that I legitimately don't know a single person who has criticized Marc Lore and Alex Rodriguez throughout this process that arne't fully open about the fact that Glen Taylor is well known to be a rat **** and extremely litigious with his businesses. If anything, that plays into the criticisms surrounding Alex Rodriguez and Marc Lore repeatedly going down to the wire with their payment deadlines; giving Glen Taylor any sort of wiggle room to pull something is negligent, given his history.

It feels like people are conflating criticisms of Marc Lore and Alex Rodriguez scrambling to get capital with a broad character defense of Glen Taylor the businessman. The only defense of Glen Taylor I have done is when people stupidly make claims like he isn't willing to spend on the team (he went into the Luxury-Tax for a 16-50 squad five years ago) and say he is too hands-on (the correct criticism is that he is too hands-off after making terrible hires). Otherwise, Glen is clearly a Scrooge-like figure, in the business world; the dude is extremely ethically questionable with his dealings.

As a general note, I legitimately have no idea who will win this battle; it will ultimately come down to contract language.

[Johnny Bball]

Well, that Shrink guy from the other thread was wrong about almost everything conceivably possible.

Maybe. Or maybe this guy's source is Lore's people.

Funny how with each report that comes out, whatever side one was already on, its taken as full validation. Meanwhile all the reporting that has come out supporting the opposite is immediately dismissed.

I have no rooting interest here--save I want Minny to get to keep their team, and all of the reporting taken as a whole don't look great for the Lore group. Even if Taylor is also being difficult.

But many of you don't care about truth, just about being proven "right". To shrink's credit throughout this saga, his posts have all about trying to get to what's real rather to what he wants. If that makes him wrong, I'd like to be wrong in similar fashion more often. Rather than claiming to be right by reading selectively.

I strongly disagree with your contention in that last paragraph given the thinly veiled insults that accompanied them. For me, as others have said, this was mostly plain to see from the start, without having any axe to grind.

[shrink]

Great read OP.

The sale was in tiers because it was Taylors request, not the new buyers.
A-rod and Lore had a backup partner in place for Carlysle that own minority shares of other NBA teams and had the funding.
NBA was reviewing new members at the above backup partner and the process of that that should have triggered an extension of 90 days.
Taylor is screwed his existing partners for the capital gain and took it all himself from the new buyers purchasing shares. Getting sued.
Taylor quietly bought out one small limited partner before this tiers sale with that money to ensure he still owned majority over the new buyers, because by taking all of the capital gain it to place him under their shareholdings.
Taylor screwed his partners on the interest they are getting on their money.
Taylor screwed his partners and the new buyers on the sale.
Connelly was exclusively the new buyers idea and Taylor didn't like the salary agreement.
Taylor has offered to sell the team a dozen times never following through.
Taylor was likely never going to sell the team.
Connelly likely exercises his option and leaves.
New Buyers weren't going to demand the team be under the tax, that was from the business plan part of their filing to the NBA that had them at the tax, which is apparently standard.
Likely takes years, goes to arbitration then court and Taylor loses. Or dies first.

Well, that Shrink guy from the other thread was wrong about almost everything conceivably possible.

Wow, even if you mindlessly accept everything this guy says, you are going even farther!

Here are a few things that the article skips over.

- Taylor isn’t “getting sued” by minority owners. The lawsuit was already ruled on and Taylor won. You should be skeptical that the author spent so much time on this area, claimed lots of research, and missed this?!?

- The spending for Tim Connelly and the lavish suite does not show Lore and ARod have money. As majority owner Taylor paid the bulk of that salary, and Lore and ARod only paid 20% one year and 36% the next. As for luxury suite that Lore and ARod wanted, 100% of that was paid for by Taylor. Lore and ARod have only been good at spending Taylor’s money.

- And questions about Lore and ARod’s ability to pay have been out there for nearly three years. That’s been skipped over in this article as well. The fact that every payment has been delayed, and they have had to find financing at all doesn’t make sense of the argument is that they have the money.

For the record, I don’t feel I have a dog in this fight, but I urge people to be skeptical of everything they read. There is a media battle going on for the hearts and minds of the public, so I ask people to read everything critically before leaping to conclusions. The things I pointed out make me go … hmmmm.

[giberish]

The odds of a former politician and CEO billionare is actually a good guy are slim to none, but the article sounds very one-sided with lots of assumptions and speculations passed on as facts, so reader beware.

As this isn't a billionaire vs workers type of conflict, but rather a billionaire vs billionaire conflict I'm inclined to think the worst of both sides.

[Texas Chuck]

right so a one-sided, clearly biased report from a guy with an anti-Tayor ax to grind and that is full of speculation and short on facts is proof to you, the open-minded guy that you are right and the other poster is wrong. Got it. Not the reporting Id' want to stake that level of claim on, but hey we all have various standards for credibility. Yours is very low.

[Domejandro]

As a Wolves fan, I thought this was plain to see.

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

...Why would you intentionally lie about something that is posted publicly?

Public warning on the first thread (April 12th):

Just putting this on the record, if people cannot stop with the personal jabs, I will be locking this thread and banning any discussion on the ownership situation on the forum. I have zero problem making that decision, even though I am fully aware that it will annoy people. The vibes on the forum are pretty whack currently, and this specific thread is playing a huge role in that. Thanks!

Locking first thread (April 16th):

You guys failed, ownership discussion is banned until after the Playoffs.

Explaining why the thread was locked (which you said you were fine with???) (April 20th):

Let the mods mod. They’re the mods.

GO WOLVES!!!

I'll reopen it once the Playoffs are done, it just was too much of a mess to moderate. Wasn't worth banning posters after multiple warnings for a conflict that is going to last over a year.

Just bizarre. I encourage anyone to open that dumpster fire thread (linked), if they are curious why it was put on pause until the off-season. The bad vibes were bleeding into other threads, which I wanted to resolve during Minnesota's best season since their 2003-04 Western Conference Finals run. It will be reopened after Minnesota's Championship Parade!

[OkcSinceSGA]

However, it seems like Taylor supporters (don’t call them that), are having a tough time with this… development. So tough, that I’m told we can’t talk about it on our forum.

As usual, you are posting things you know aren’t true.

As you were told when you started a new thread to bypass the first moderator lock, the thread was locked until after the playoffs because so many people were acting like dicks. It had nothing to do with the moderators supporting Taylor. You’ll just say dishonest things because you’ve always loved drama and like seeing the world burn. Here is what the mods said about the locks:

I'll reopen it once the Playoffs are done, it just was too much of a mess to moderate. Wasn't worth banning posters after multiple warnings for a conflict that is going to last over a year.

Look back at what you just said thinktank. Do you think you honestly represented the moderators position?

Moderators have a tough enough job without you acting like this.

Moderators are busy enough with me to deal with him. Only I’m allowed to stress out Domejandro and Bisme!

[Domejandro]

Moderators are busy enough with me to deal with him. Only I’m allowed to stress out Domejandro and Bisme!

My reaction when I open the forum and see an OT thread with "last post by OkcSinceSGA".

[ConSarnit]

As a neutral observer, it’s tough to see Taylor’s side here.

Taylor’s arguments: delayed payments and cutting payroll concerns.

Delayed payments: second payment was delayed but Taylor agreed to that. Final payment was delayed because the NBA has to approve the new backer. So Taylor agreed to the 2nd payment delay and this current delay is seemingly out of the control of either party and is subject to NBA bylaws. Taylor is making it seem like this final payment delay is Lore/Arod’s fault, which doesn’t seem like the case.

Payroll Implications: does the contract state that Lore and Arod have to pay the luxury tax for the next 1-2 years? If not then Taylor has no leg to stand on. It’s a PR move. Taylor might not like it but unless there is a specific clause in the sale that says “the new owners shall pay the luxury tax in 2025” then it doesn’t really matter if Taylor doesn’t like it.

Lore and Arod met the terms of the deal. Taylor agreed to the delay on the 2nd payment. The third is being held up by the league. Taylor doesn’t get a say in whether Lore and Arod cheap out on payroll. That’s their prerogative as owners.

If this current report is right about current delay being caused by the league then I don’t see how Taylor is winning this case. Taylor’s side seems to be entirely based on “I don’t like how this is going” and not based on the actual contract.

As far as I can tell Taylor’s only case is if the final payment delay is due to Lore and Arod. If it’s due to the league then what exactly is Taylor’s reason for not fulfilling his end?