Current location:health >>
Timberwolves dispute between Taylor and Lore, Rodriguez over ownership moves to mediation
health7944People 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/resul-baba
Related articles
QB Stetson Bennett is back with the Rams for offseason workouts after missing his first NFL season
healthTHOUSAND OAKS, Calif. (AP) — Quarterback Stetson Bennett has rejoined the Los Angeles Rams for the s ...
【health】
Read moreUS envoy to UN visits Nagasaki A
healthTOKYO (AP) — The American envoy to the United Nations called Friday for countries armed with atomic ...
【health】
Read moreTragic French toddler Emile Soleil may have been eaten by WOLVES: Shock claim after two
healthThe mysterious case of Émile Soleil's death has intensified with locals now suggesting the tragic Fr ...
【health】
Read more
Popular articles
- Tesla's first
- Japanese doctors demand damages from Google over "groundless" reviews
- Firefighters to tackle scaffolding dangling outside ruins of fire
- Rivalries on tap with Barcelona
- My friend's sausage dog ripped off a chunk of my cheek
- Palestinian death toll in Gaza from Israeli attacks rises to 30,960: ministry
Latest articles
Christina Aguilera, 43, looks very slim in a T
Oklahoma teen's wild, four
Dramatic moment lorry on the M56 is engulfed by flames: HGV is destroyed by raging inferno
Millie Bobby Brown, 20, goes make
Vanessa Hudgens the Coachella queen explains why she skipped the festival this year
Argentina launches bid to join forces with NATO: Chainsaw
LINKS
- Congress moving swiftly on bipartisan action to punish Iran after revenge attack on Israel
- Pakistan says Iran's President Raisi will visit next week despite tensions in the Middle East
- Croatia election: A showdown between president and prime minister
- KENNEDY: We all know why blubbery bistro blowhard Keith McPiggy branded perpetual trout
- UK Conservatives suspend lawmaker as sleaze allegations swirl over possible misuse of party funds
- Daniele De Rossi's contract at Roma is extended just 3 months after replacing Jose Mourinho
- Portuguese bodybuilder 'Monster', who claimed to be the 'most shredded ever', dies aged 46
- Prominent Baptist pastor in military
- One in THREE people will be struck down with 'silent killer' amid huge surge in condition
- Potential and sound growth of real estate sector stressed