JOURNAL ARTICLE

Alex Rodriguez, Marc Lore Win Arbitration Case to Buy Minnesota Timberwolves.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Boudway, Ira 3 of 3

Abstract

Marc Lore and Alex Rodriguez have won an arbitration case to purchase the Minnesota Timberwolves for $1.5 billion from owner Glen Taylor. The decision, made by a three-person panel of arbitrators, allows Lore and Rodriguez to move forward with the deal, pending approval from the NBA's board of governors. The purchase agreement, which includes the WNBA's Lynx team, has been a subject of dispute between the buyers and Taylor, with Lore and Rodriguez acquiring stakes in the team in installments since 2021. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:182902051
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.