RealGM

Glen Taylor has agreed to move forward with his sale of the Minnesota Timberwolves and Minnesota Lynx to the Marc Lore-Alex Rodriguez group at the same $1.5 billion price the side agreed upon in 2021. Taylor will not appeal an arbitrators' ruling from February that ruled in favor Lore-Rodriguez in a dispute over the sale contract.

The NBA has initiated the transfer process and will conduct a board of governors vote.

Lore and Rodriguez initially agreed to purchase the team from Taylor in 2021 in a three-part sale. The first two tranches, totaling 36% of the teams, changed hands for about $500 million as planned. 

Over the past six weeks, the Lore-Rodriguez group and Taylor held discussions and came to an agreement to finalize the deal.

Taylor, 83, purchased the Wolves in 1994 for $94 million, saving the team from a possible relocation to New Orleans. 

Via Shams Charania, Brian Windhorst/ESPN

Damn that the face of a man that has lost Billions of dollars.

Poor Fella making roughly 1.4 billilon dollar
Thoughts and prayers

Eyeamok wrote:Damn that the face of a man that has lost Billions of dollars.

The guy just made a billion and wont be able to spend it due to his age anyways…

Roy T wrote:

Eyeamok wrote:Damn that the face of a man that has lost Billions of dollars.

The guy just made a billion and wont be able to spend it due to his age anyways…

But what about the children and the yachts they won't have.

Eyeamok wrote:

Roy T wrote:

Eyeamok wrote:Damn that the face of a man that has lost Billions of dollars.

The guy just made a billion and wont be able to spend it due to his age anyways…

But what about the children and the yachts they won't have.

They need to bootstrap and work like all of us regular people who earn their yacht money by working hard.