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Alex Rodriguez and Marc Lore won’t give up after Timberwolves sale fails: ‘It’s personal now’

Alex Rodriguez and Marc Lore aren’t done yet.

After the sale of the Minnesota Timberwolves and Minnesota Lynx fell through earlier this week, the pair is looking to land the franchises no matter how long it takes.

“It’s personal now,” Rodriguez said Friday. “We can be there [fight] for years, 10 years, whatever. We won’t let it go.”

“We will do everything possible here to enforce Glen’s contract [Taylor] broke.” Lore added. “So that means time, capital, whatever is necessary.”

TWolves, Lynx ‘no longer for sale’

Timberwolves and Lynx owner Glen Taylor suddenly announced this week that, after years of negotiations and partial takeovers, the two teams were no longer for sale and he retained control of the franchises.

Lore and Rodriguez currently own 40% of the teams after agreeing to buy them for $1.5 billion in 2021. They immediately purchased a 20% stake and had three future options in the deal that would ultimately give them full control of the teams in subsequent years. . They had 90 days to complete the final step of selling 40% of the team after informing Taylor in December that they were increasing their stake to 80%, which would have given them controlling ownership.

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Instead, Taylor claimed they missed a deadline.

“I don’t need the money, so I guess I’ll just keep running it and enjoy it,” Taylor said.

Taylor’s announcement on Wednesday was described by Rodriguez and Lore as a “nuclear bomb” that took them completely by surprise. They thought they had fulfilled the obligations of their contract with Taylor to acquire another 40% of the teams.

The duo believes Taylor is choosing to retire now because the value of the franchise has increased significantly in recent years as the Timberwolves have improved. They currently sit second in the Western Conference standings. By comparison, the Phoenix Suns sold for about $4 billion in 2022.

Alex Rodriguez and Marc Lore are not giving up on their goal of owning 100% of the Minnesota Timberwolves and Lynx.

Alex Rodriguez and Marc Lore are not giving up on their goal of owning 100% of the Minnesota Timberwolves and Lynx. (AP/Abbie Parr)

“It’s just bad faith that you have a deal and a contract, and because you can get more money, you just decide I don’t want the contract anymore,” Lore said. “That’s just bad faith. It’s not about being a good person, a good partner, a good person. You just don’t do that. It’s a kind of honor. It’s a little bit of honor. You made a deal and it then you comply because you have integrity.”

Lore and Rodriguez said they were told they also could no longer come to the Target Center, access team facilities or communicate with players or team staff, although Taylor denied that and simply called them “limited partners.”

“It feels very much like a slap in the face and much more personal than just about the money,” Lore said, via The Athletic.

Based on how long it took to complete the sale and how quickly it fell apart, it’s not likely this feud will be resolved anytime soon.

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But both Lore and Rodriguez are committed to the long term, whatever it takes.

“We will own this team for at least the next 50 years,” Lore said. “We have a long road ahead of us, and we are going to fight it with all possible means. We don’t give up.”

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