SEATTLE - In a big turn of events, Minnesota Timberwolves owner Glen Taylor will no longer be selling his controlling stake in the franchise to minority owners Marc Lore and Alex Rodríguez, as the relationship between both parties grew apart over the last two years. According to a statement released by the franchise, Taylor alleges Lore and A-Rod "failed to meet certain contractual deadlines and obligations of the sale process" thus creating a complicated relationship with majority owner Taylor.
The joint venture of Lore and Rodríguez was on pace to be a game-changing deal for Latinos in the world of professional sports in America. Already minority owners in the Timberwolves/Lynx franchises, both individuals were looking for an opportunity to purchase the rest of Taylor's stake since 2021.
