Wolves Ownership Saga

[thinktank]

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/

[jscott]

It’s halfway down the first page. It was locked until post-playoffs.

viewtopic.php?f=22&t=2070842&p=112413359#p112413359

[thinktank]

It’s halfway down the first page. It was locked until post-playoffs.

viewtopic.php?f=22&t=2070842&p=112413359#p112413359

Oops. Oh well.

[TimberKat]

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/

Maybe I miss read something but this is normal operation right. Taylor wants to ensure he has control of the team until the last payment is completed.

[thinktank]

I don’t think the extra 5% was planned.

That would’ve thrown off the entire contact / goal to give Lore / ARod control. I could be wrong.

[shrink]

You’re sidestepping a moderator lock here - and DURING the playoff game?!?

No need for extra drama now. We can talk about this later, as the mod said!

[thinktank]

Let the mods mod. They’re the mods.

GO WOLVES!!!

[Domejandro]

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.