Glen Taylor to remain owner of Timberwolves, Lynx as sale to Marc Lore, Alex Rodriguez falls through

Source: Star Tribune

In a significant development for the future of the Timberwolves and Lynx, Glen Taylor will remain the controlling owner of both franchises after Marc Lore and Alex Rodriguez did not close on a sale of a controlling interest in the franchises by a deadline that expired Wednesday, the Wolves said in a statement. Lore and Rodriguez were set to acquire 40% of the franchises, bringing their total stake up to 80%, but they could not meet a deadline set under their agreement for Wednesday. As a result, Taylor is going to remain controlling owner.