🧵 1. Timberwolves/Lynx owner Glen Taylor closes the window on the purchase of the franchise by Marc Lore and Alex Rodriguez. The deal needed to be set by March 27th and when it wasn't, Taylor decided he wanted to keep the team (more)
🧵 1. Timberwolves/Lynx owner Glen Taylor closes the window on the purchase of the franchise by Marc Lore and Alex Rodriguez. The deal needed to be set by March 27th and when it wasn't, Taylor decided he wanted to keep the team (more)
🧵 2. amidst an historic season for the club. The price was initially set at $1.5B with Lore/A-Rod purchasing 20% 2 years ago, 20% last year, and the final 40% by March 27th. With the value of the franchise worth close to double (more)
🧵 3. that number now, Taylor enforced the parameters of the agreement and ended the bid after all aspects weren't met by the deadline. There had been rumblings for months that the two men (both worth ~$350M each) didn't have the (more)
🧵 4. money lined up, and with a last-minute fallout of one of the investors, the group wasn't able to meet to timetable set in the agreement. Who knows if they will now look to sell their 40%, or get back to the table to try (more)
🧵 5. and hammer out the rest of the deal. Taylor announced the team is "no longer for sale" so it could get interesting. Either way, #wolves/#nuggets tmrw night for 1st in the West. #nba #sportsonleo