[Hine] Glen Taylor will remain the controlling owner of the Timberwolves as the closing of the next 40% of the sale to Alex Rodriguez and Marc Lore “did not occur” according to a statement. Glen Taylor: “The Timberwolves and Lynx are no longer for sale.”
by Knightbear49
49 Comments
KG never getting his jersey retired fuck
Whaaaat theeee fuckkkk?
Fuck Glen Taylor
Honestly the Nets may as well retire KG’s number just to rub it in, fuck this. Fuck A-Rod and his finding a way to choke on a financial transaction, and fuck Glen Taylor for everything else ever.
And people were roasting Doogie… he actually had a scoop for once!
This entire transaction never made one lick of sense from the entire beginning. its not how professional sports franchises are bought and sold
Can’t have shit in Minnesota
On the day after we get 50 wins for the first time in 20 years.
Couldn’t write a better script we’re fucking cursed man.
In b4 Kat is gone bc Taylor isn’t paying the tax.
I’m not in a good place rn
What
Didn’t Jon K report previously that it was made? What the fuck is going on??
DAMN IT
So is Glen 60% owner and Arod/Lore the minority owner? Kind of hilarious to see Glen fully backing away from the sale.
Seems like Glen Taylor saw the team’s value going from $1.5 to $2.5 billion, and used the late payment as an excuse to keep the team. Can’t really blame him, never in history of any sport such BS ownership transition happened before. Lore and ARod were supposed to finish the payments last year and they failed to do so.
Someone more knowledgeable than me could probably correct me, but if ARod and Lore really couldn’t make the final payment that seems to speak to their inability to be successful majority owners.
This team’s about to be expensive as hell, and if ARod and Lore literally couldn’t afford to pay the final traunch, that makes me wonder if they’d have been able to actually pay to keep this team together.
What happened to this?
https://theathletic.com/5357129/2024/03/20/minnesota-timberwolves-ownership-update/
Kinda dumb. Glen Taylor definitely bullshitted his way out of this bc the team’s good now. At least we don’t have to pretend to like ARod anymore ig but we need a different owner
Cries in Kevin Garnett
Fuck fucking Glen Taylor that fucking fuck
Nothing unites this franchise more than this old man that just wont sell the team.
At least we know glenn won’t move the team when Ant is in his prime winning MVPs. At least we have that going
Dammit federal reserve! I’m sure they were hoping to borrow the money once the fed started to make rate cuts, but with inflation staying sticky it hasn’t happened and the cost to borrow money is too expensive right now.
WHY. Taylor is going to ruin everything.
Well maybe someone with actual big dough will buy the team now that it looks like it has a bright future and will only increase in worth as long as ANT is here.
Bahaha. How do you not have the money after all this time? Hahahahaha
A-rod now 0-2, diseased.
Folks sure are mad at Glen Taylor without having any actual knowledge of why the sale didn’t go through.
I’m not saying he’s a great owner, but this sounds like Lore and ARod didn’t have their shit together. If they had the money, the sale would have happened.
It’s not really Glenn’s fault, right? Why the hell did Lore and A-Rod not close the deal?
Marc and Arod still have 40%, though, and the statement says Glen is going to continue to work with them? That’s gotta be a bit awkward. Especially because he chose not to extend their window when he easily could have.
This is just so freaking classic Timberwolves. Uggggh
I’m genuinely trying to figure out why it’s fuck Glen Taylor for this situation? They didn’t make the payment. What is he supposed to do?
Bullish news for hand glue manufacturers
“Weirdest Team Ever”
– Dane Moore….many, many times
Nationalize the Timberwolves! Sports teams are community institutions, not playthings for geriatric Boomers
Fuck Glenn I guess I’m done buying season tickets. What a crook. The whole reason this sale was drug out the way it was is 100% to raise the valuation of the team. It was just another scam by pile of shit billionaire to make more money. I no longer have hope for the future of the franchise. This moron will probably find a way to loose all the foundational pieces of this team within a year or two.
Like I knew ARod and Lore were broke but they can’t crowd fund $1.5B for an NBA TEAM????
I know people dislike Glen Taylor’s ownership history, but feels like a blessing in disguise. Glen Taylor has never shied away from paying for a good team, AROD and Lore just scratching at the bottom of the barrel to find funding to close the deal on the $1.5-$2 billion which is quite a bargain price for NBA teams…feel like ARod and Lore would have been more Red McCombs than Steve Ballmer in terms of ownership appetite to pay second apron payroll.
The official statement. https://www.nba.com/timberwolves/news/statement-on-minnesota-timberwolves-and-lynx-ownership
How many extensions have ARod and Lore obtained? Makes you think they never had the capital.
Perfectly fine with this tbh. Weird ass way to sell a franchise and then the final payment didn’t end up going through for one reason or another.
I would not trust ARod and Lore with how this process has happened
This is crazy. As much as I want the team to be sold, you can’t blame Glen Taylor for this one, ARod and Lore had 3 years to figure out the money and they couldn’t do it. Honestly, this might be for the best because if they took control, they might have been as cheap as cheap can be.
Still, I really hope Taylor sells soon. He should get even more now given the team’s success, how the NBA is doing overall, etc. But at the end of the day, this is the Wolves. Even when things are going as well as possible, the franchise is just weird and dysfunctional
NOOOOOOOOOOO
Ok not to be dark but if he dies who gets it 😂😂😂
Seems like a massive fumble by a rod and lore honestly.
Seems like an ARod and Lore problem. If they really had ponied up funds and met the terms of the purchase agreement in place each step of the way, there would have been nothing Taylor could have done to stop the transaction. My initial reaction was that this makes us look like a circus but in reality maybe we have been saved from being purchased by people who operate like a circus.
Taylor blew this up. There is no other viable explanation given it was reported from trusted sources that Lore and Arod did the financial side prior to the deadline. There had to be some void language in that contract.
This team is all that miserable old fuck has of any real significance or relevancy. He’s been the worst owner in the NBA and will continue to be, Dolan included.
ITT: a bunch of people who don’t know how multi million dollar, traunched transactions work and instead make crazy assumptions that validate their hatred of Glen Taylor.
why is everyone so mad? glen taylor aint perfect but he aint red mccombs. I for one am ecstatic that i dont have to try and find the good in A-rod lol. These guys were like venture-capital dorks who wanted to build a whole new city or something, right? Who already are making overtures about a new arena right?
i feel much more comfy with glen and i dont get why other people dont feel that way. He’s kinda sloppy but sheesh, we just dodged A-rod and some tech carpet-baggers. Glen is one of us at least. Deserves a little more credit
Why are you guys blaming Glenn Taylor? They had an agreement. It’s been no secret Alex and Marc has been struggling coming up with the funds to buy the team. Do you really want the new owners, who can barely afford the sale, to lead this franchise? If you think Glenn’s been cheap, wait till they take over.
Remember- KATs supermax is about to kick in and where gonna have to extend Ant plus others. We’re gonna hit that 2nd luxury tax, which is insanely expensive. Mayne Alex and Marc aren’t the guys.