Current location:health >>
Timberwolves dispute between Taylor and Lore, Rodriguez over ownership moves to mediation
health626People 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/taxonomy
Related articles
Aaron Taylor
healthAaron Taylor-Johnson and Ryan Gosling both looked dapper in suits as they attended The Fall Guy scre ...
【health】
Read moreBahraini marathon runner Kimutai suspended three years for doping
healthMONACO (AP) — Bahraini marathon runner Marius Kimutai was suspended three years for doping after tes ...
【health】
Read moreChina making efforts to boost employment: Minister
healthChina's Minister of Human Resources and Social Security Wang Xiaoping speaks at a press conferen ...
【health】
Read more
Popular articles
- Emily Blunt looks sensational in a white vegetable
- Chengdu Universiade
- UN plans mission to Gaza's Al Shifa hospital after Israeli withdrawal
- Rescued man from Kinmen fabricates false occupational info: Spokesperson
- What's in the $95 billion foreign aid package passed by Congress?
- Chinese border region not affected by radiation source in Russian city: Authorities
Latest articles
Mistrial declared in case of Arizona rancher accused of murdering Mexican migrant on his land
CPPCC member advocates for legislation on AI law
Russia says proof show link between Moscow attack terrorists, Ukraine
Eurozone inflation further cools in March
Original Karma singer Brit Smith says JoJo Siwa 'has done nothing wrong' after re
Hong Kong Customs busts largest gold
LINKS
- Total solar eclipse: What's the path and what to know for Monday April 8
- Brewers rout Orioles 11
- Tiny, endangered fish hinders California's Colorado River conservation plan
- JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
- O.J. Simpson still reflects America's racial divides— even in death
- Moon landing: Odysseus marks first US landing in over 50 years
- More than two million child sex abuse files found in man's possession
- AP PHOTOS: Total solar eclipses through the decades
- A warming island's mice are breeding out of control and eating seabirds
- Total solar eclipse 2024 wow crowds across North America