[Wolfson] Taylor ahead of next week’s deadline: “They (Lore and A-Rod) had an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them. They have to go out and find new revenue. That I do know.”
Taylor ahead of next week's deadline: “They (Lore and A-Rod) had an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them. They have to go out and find new revenue. That I do know." #Timberwolves https://t.co/Ztw9HWNufR
— Darren Wolfson (@DWolfsonKSTP) March 19, 2024
by foye2smith
26 Comments
[Link](https://shamasportsheadliners.com/) to article Wolfson retweeted. I’m not really aware of who David Shama is, but there’s also a tidbit about a desired location for a new arena.
It’s starting to feel like Glenn is salty about the deal HE made. Why does he keep saying things like this when no deadline has been missed? Until the deadline is actually missed there is no need to worry about what Doogie is reporting.
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Watch Jon K come thru with the real details just like he did last time Wolfson acted as Taylor’s mouthpiece.
I don’t think I like the new arena being at The Farmers Market site. There’s nothing else over there? Where would people park?
Do we actually know that Glen Taylor is an actual reputable source at this point in time?
Taylor airing out Lore and A-Rod’s business is jokes
Has there ever been a sale of a franchise similar to this? So weird.
Can KG swoop in and cover that $300 million and join the ownership group please?
Glen Taylor got fooled by a magician for his final act. SMH.
We need an actual rich owner if we don’t want to pay for a new arena. Not these guys who clearly don’t have the money.
Genuinely wish Taylor would shut the fuck up. The whole reason the Wolves buyout is in such a strange mess is because Taylor’s weird “I want to mentor the new owners” bullshit clause he attached to any Wolves sale over a decade ago.
Any billionaire that wanted to purchase it just wants to take over and not deal with the cryotherapy keeper. You’re one of the worst owners in sports history, you antagonize the franchise cornerstones multiple times. Shut the fuck up, sell the team, and go away.
Beyond over this whole saga….
Always kind of felt like Lore/A-Rod were used car salesmen. You’ve had years to get your money together. It’s pathetic they can’t find the cheddar to get this done.
The real question is whether Lore and Arod will continue the tradition of hosting the lasagna dinner each preseason
Glen hasn’t been happy about this deal for the past year. He’s seen the franchise valuation double and would prefer to reset the deal. Frankly, he’s making a shrewd move. If Lore/Arod don’t close on this tranche he can essentially make an extra $600m for the 40%. Mr Magoo has cold feet.
I say it all the time in the vikings sub, Wolfson. And skor north are a buncha scrubs.
Why the fuck would I trust the word this little dick loser, who is notorious for being wrong 90% of the time?
I’ll give 50 bucks.
Wolfson is such a squid
Every time Jonny K has reported on this he’s said that the deal is still going as planned without any major problems. Until he reports otherwise I’m not going to give doogie the satisfaction of worrying about this.
From what I’ve heard the NBA denied them. Lore and Arod haven’t done their due diligence and haven’t taken the sale serious. Also, the NBA looks at ownership to be able to cover any possible luxury tax. If they’re relying on private equity to put in 300 million just to buy the team, it’s not a good look for the future.
We are going to have the poorest owners in the league. Yikes…
Is tough to get equity investors right now with interest rates the way they are
Dookie doesn’t know 💩
Glen Taylor leaking this is the kiss of death I’d think. Confidentiality is critical in transactions, especially ones with such massive public interest, and being cavalier with the details to reporters tells me Glen is trying to kill the deal.
Would be shocked if Lore’s group isn’t furious that this info is out there.