Minnesota Timberwolves Basketball Limited Partnership (“Timberwolves and Lynx”) today announced that the arbitral panel issued its decision finding that the option for Marc Lore and Alex Rodriguez to acquire control of the Timberwolves and Lynx should be extended for an additional 90 days and that Messrs. Lore and Rodriguez may continue to pursue their application for NBA approval.
“Becky and I were disappointed by this 2-1 decision from the panel,” said Glen Taylor, Chairman of Taylor Sports Group, Inc., the general partner of the Timberwolves and Lynx. “We will review the decision thoroughly prior to making any further comment. We would like to express our sincere appreciation to Timberwolves and Lynx players, staff, and loyal fans for their support.”
(info courtesy of Timberwolves)
