All articles tagged with #nba ownership
Originally Published 6 months ago — by Star Tribune
Glen Taylor is stepping down from his ownership roles of the Timberwolves and Lynx after a lengthy control battle and arbitration loss, with new owners Marc Lore and Alex Rodriguez set to take over, marking a significant change in Minnesota sports ownership history.
Originally Published 6 months ago — by The New York Times
The Buss family is selling the Los Angeles Lakers to Mark Walter in a record-breaking $10 billion deal, ending over four decades of Buss control and potentially ushering in a new era of aggressive investment and strategic management in the franchise, similar to Walter's successful approach with the Los Angeles Dodgers.
Originally Published 1 year ago — by The New York Times
Michael Bloomberg has agreed to join Marc Lore and Alex Rodriguez's ownership group for the Minnesota Timberwolves, bringing significant financial backing to their bid for majority control. The group, which currently owns nearly 40% of the Timberwolves and WNBA's Lynx, is in arbitration with current owner Glen Taylor over a disputed $600 million transaction. Bloomberg's involvement could expedite their acquisition process, pending NBA approval.