Current location:business >>
Timberwolves dispute between Taylor and Lore, Rodriguez over ownership moves to mediation
business786People 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.“Stellar Sphere news portal”。http://www.havadist.com/tag/komik/page/24
Related articles
A Greek lawmaker faces criminal charges following a brawl in parliament
businessATHENS, Greece (AP) — Greece’s parliamentary speaker said that he would seek criminal charges agains ...
【business】
Read moreEat nuts and seeds to fight off disease: Healthy snacks should be added to 5
businessNuts and seeds should be added to the '5-a-day' guidelines, a report suggests today.The nutritional ...
【business】
Read moreUS and Philippine forces launch combat drills in the disputed South China Sea
businessMANILA, Philippines (AP) — American and Filipino forces launched their largest combat exercises in y ...
【business】
Read more
Popular articles
- 11 inmates face charges related to uprising at South Dakota prison
- Takeaways from AP report on how the search for the coronavirus origins turned toxic
- China's top political advisory body starts annual session
- Sir Keir's patriotism problem: One
- Pavin Smith hits grand slam and drives in 6 runs as Diamondbacks rout Cardinals 14
- China's new high
Latest articles
Revealed: Parliamentary aide, 29, and an ex
Iran's supreme leader acknowledges it hit little in Israel attack
Foreign trade set to stay resilient this year
Vibrant festival highlights cultural charm of various Chinese ethnic groups
Ukraine, Israel aid package heads to Senate for final approval
China urges U.S. to formulate universal data security rules to enable orderly, free data flows
LINKS
- Sullinger leads Shenzhen past Beijing in CBA playoffs
- Chinese movie tackles pyramid schemes
- Qionghai's villages in Hainan showcase rural revitalization with global appeal
- Haliburton guides Pacers past Raptors 140
- Desert tourist attractions fuel travel enthusiasm in NW China
- Heavy rainfall, floods cause significant property damage in Australia's NSW
- Qinghai Lake starts to thaw
- World Asia Esports Championship scheduled for September in China
- Fighter jet maneuvers during training
- World Asia Esports Championship scheduled for September in China