Any hopes for Timberwolves fans to be rescued from Glen Taylor’s ownership have now been squashed. Taylor announced on Thursday that the deadline passed for Alex Rodriguez and Marc Lore to become majority owner of the Wolves and Lynx, pulling the team off the market and ensuring it remained under Taylor’s control.
The following statement was posted on the team’s site.
Glen Taylor, Chairman of Taylor Sports Group, Inc., the general partner of Minnesota Timberwolves Basketball Limited Partnership (“Timberwolves and Lynx”), this morning confirmed the expiration of the option of Marc Lore and Alex Rodriguez to acquire controlling interest in the Timberwolves and Lynx.
Under terms of the
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