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[Bill Simmons] Just an incredible saga. Rumors flying for weeks that A-Rod/Lore weren’t gonna make it over the hump money-wise and then it was actually true. They *bought* a team for 1.5b in 2021 that’s easily worth 3.5-4b now… Taylor can re-sell his majority share for a way higher number now.



[Tweet](https://x.com/billsimmons/status/1773365172846924012?s=46&t=hdMYR5VNI3D4hupTVErxeg)

> Just an incredible saga. Rumors flying for weeks that A-Rod/Lore weren’t gonna make it over the hump money-wise and then it was actually true. They *bought* a team for 1.5b in 2021 that’s easily worth 3.5-4b now… Taylor can re-sell his majority share for a way higher number now.

by lopea182

29 Comments

  1. collinCOYS

    The new ownership agreement falling out piece

  2. lopea182

    “Yesterday’s price is not today’s price, and you can’t even pay yesterday’s price.”

  3. HokageEzio

    Damn that’s crazy how that works where it was reported constantly and actually turned out to be real and not AI generated Sports Illustrated articles like certain people were suggesting.

  6. Winnes0ta

    I mean based on Woj report they did have the money, Taylor just got cold feet and backed out because the value of the team has doubled since the initial agreement.

  10. Quality_Cucumber

    I’d probably do the same if I was Taylor. He had a legal out as he saw the valuation of the franchise jump? Oh yeah.

  13. Brasi91Luca

    Is this really Glen Taylor’s fault? The deadline passed. Blame Arod. What do you want him to do? Especially when the valuation has jumped even more now.

  14. medievalmachine

    “Billions” Simmons is a hell of a thing I did not see coming.

    Thanks, Spotify!

  15. 20BeersDeep

    Is this not illegal? Agree on a price/deal and then back out because they can get more?

  19. Herbert5Hundred

    So if I’m reading this right, parties agreed to 1.5 billion valuation/sale, buyers paid .4 of that (600 million) at some point, buyers were trying to pay an additional .4 (another 600 million) after exercising a 90 day window to complete the purchase, however they couldn’t secure the necessary funding in that timeframe, even though the value of the team has increased/doubled to 3 billion? What bank wouldn’t give them the money at that valuation?

  21. PitterPatter12345678

    Glen Taylor is not loved in Minnesota. He has had a hand in every disaster from the start. It’s not like anyone can write about it locally or read any of the local newspapers. He owns all of them, and puts up pay walls. Glen Taylor runs his business like it’s a video game with micro-transactions.

    KG’s name isn’t in the house he built. Glen Taylor is a certified piece of shit, and no one wants him in Minnesota.

  22. Whatishappyness

    Glen Taylor ” I Want You To Put The Word Out There That We Back Up”

  23. nrag726

    One more thing, the price of the Wolves going up

  24. Wilt69

    Can’t blame him, had a legal out and the value more than doubled. Crazy is just how much it increased in a 2-3 year span.

  25. CuriousTurtle5

    “Price of the brick going up” -~~Marlo Stanfield~~ Glen Taylor

  26. paddiction

    Serious question. How were they not able to come up with even a loan? If the current valuation is higher than the purchase price?

  27. Team-Ligma-Six

    I mean the Timberwolf look promising. Look at what happened to the Warriors franchise and the Bucks.

  28. alfi_k

    It’s the Wolves .. I assume Taylor will now team up with Robert Sarver – who has all this Suns money burning a hole in his pocket – to run the team.

  29. crackhousebob__

    A-Rod was just a figurehead. He is nowhere near wealthy enough to own more than a small percentage of an NBA franchise even at 1.5 billion

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