All articles tagged with #ownership dispute
Originally Published 7 days ago — by Nebraska Examiner
The Nebraska Medicine board has launched an informational website to oppose the University of Nebraska's plan to buy out its 50% stake, amid a broader dispute over governance and control, with the NU Board of Regents considering an $800 million purchase that could centralize ownership and impact healthcare delivery in Nebraska.
Originally Published 4 months ago — by The Washington Post
Rupert Murdoch and his son Lachlan have reached a deal with Murdoch's other children to resolve a legal dispute over the future control of the family media empire after Murdoch's death.
Originally Published 1 year ago — by Star Tribune
Despite an ongoing ownership dispute, the Minnesota Timberwolves are expected to maintain a similar roster next season. Coach Chris Finch and team executives have noted that the ownership issues have not significantly impacted the team's performance or support. All parties, including current owner Glen Taylor and prospective buyers Alex Rodriguez and Marc Lore, are committed to investing in the team to keep it competitive, even if it means incurring significant luxury tax penalties. The team aims to build on its recent playoff success and pursue a championship.
Originally Published 1 year ago — by hoopsrumors.com
Following their playoff exit, the Minnesota Timberwolves face uncertainty regarding their ability to retain key players like Karl-Anthony Towns due to financial constraints and an unsettled ownership situation. Towns expressed his desire to stay, while Anthony Edwards remains optimistic about the team's future. Meanwhile, a three-person arbitration panel will address the ownership dispute between Glen Taylor and prospective owners Marc Lore and Alex Rodriguez. President of basketball operations Tim Connelly must decide on his future amid these uncertainties.
Originally Published 1 year ago — by The New York Times
The Minnesota Timberwolves face a challenging offseason with key issues including an ownership dispute between Glen Taylor and Marc Lore/Alex Rodriguez, the potential departure of President of Basketball Operations Tim Connelly, and a looming luxury tax bill. Despite a successful season marked by a deep playoff run and the emergence of Anthony Edwards as a star, the team must navigate these uncertainties to build on their progress.
Originally Published 1 year ago — by Yahoo Sports
The Minnesota Timberwolves face a critical juncture as ownership disputes and financial concerns threaten to dismantle their contending team. Billionaire entrepreneurs Marc Lore and Alex Rodriguez's delayed final payment for their majority stake has led to tensions with current owner Glen Taylor, who fears cost-cutting measures. With significant payroll commitments and potential luxury tax penalties looming, the future of key players like Anthony Edwards, Karl-Anthony Towns, and Rudy Gobert hangs in the balance. The team's ability to maintain its competitive edge is uncertain as financial and performance pressures mount.
Originally Published 1 year ago — by The Athletic
The Minnesota Timberwolves are enjoying a successful season on the court, but an ownership dispute between Glen Taylor and prospective buyers Marc Lore and Alex Rodriguez has cast a shadow over the team. The public battle has led to a startlingly public fight, with allegations and disputes over the sale agreement. NBA commissioner Adam Silver stated that the league will not intervene, and the dispute will be resolved through mediation and arbitration. The ongoing turmoil threatens to distract from the team's achievements and has raised concerns about the future of the franchise, including the potential departure of president of basketball operations Tim Connelly.
Originally Published 1 year ago — by Star Tribune
NBA Commissioner Adam Silver stated that the league is unlikely to intervene in the ownership dispute between Glen Taylor and minority owners Alex Rodriguez and Marc Lore over the sale of a portion of the Timberwolves franchise. The dispute, which involves a purchase agreement and a pre-agreed dispute resolution mechanism, will go through mediation and arbitration, with no role for the league in the process.
Originally Published 1 year ago — by The Athletic
A public clash has erupted between current Minnesota Timberwolves owner Glen Taylor and prospective owners Marc Lore and Alex Rodriguez over the team's ownership. The dispute centers around missed deadlines and obligations detailed in the contract, with Taylor announcing that Lore and Rodriguez's option to buy the final 40 percent of the team has expired, while Lore and Rodriguez vehemently disagree and claim they have fulfilled all requirements. The disagreement indicates a long, messy fight for the team is just getting started, with both sides showing no signs of backing down.
Originally Published 1 year ago — by CBS Sports
The Minnesota Timberwolves and Lynx are no longer for sale, as owner Glen Taylor claims prospective buyers Marc Lore and Alex Rodriguez missed their deadline to close the deal, while Lore and Rodriguez assert they have fulfilled their obligations and have the necessary funding. The ownership dispute is set to be resolved through mediation and arbitration, and the Timberwolves, currently 50-22, are in the midst of a historic winning season.
Originally Published 1 year ago — by UNILAD
A sunken island off the coast of Brazil, known as the Rio Grande Rise, has been discovered to contain rich deposits of rare earth minerals, sparking a debate over ownership of the natural resources. Brazil has staked a claim, arguing that the area shares geological similarities with its coastal shelf, but the site lies outside its jurisdiction in international waters. The potential extraction of these minerals has raised concerns about the environmental impact on the ocean ecosystem, prompting the need for detailed sustainability and impact assessments.
Originally Published 1 year ago — by The Washington Post
The co-founders of Trump Media & Technology Group, Andy Litinsky and Wes Moss, have filed a lawsuit alleging that Donald Trump and other leaders schemed to deprive them of a stake in the company worth hundreds of millions of dollars. The lawsuit could complicate the company's merger with Digital World Acquisition, which could value Trump's stake at over $3 billion. Litinsky and Moss claim that Trump has attempted to dilute their ownership stake, while Trump Media and Digital World have acknowledged the dispute in SEC filings.
Originally Published 2 years ago — by BBC.com
Ukraine has successfully reclaimed a collection of ancient treasures, including Scythian and Sarmatian jewelry and sculptures, from the Netherlands after a nearly decade-long ownership dispute with Russia. The collection, which was on loan to Amsterdam's Allard Pierson Museum when Russia annexed Crimea in 2014, consists of 565 items mostly from Crimean museums. Dutch courts ruled in favor of Ukraine, and the treasures have now been returned to the National Museum of the History of Ukraine in Kyiv. The artifacts will be kept there until the "de-occupation of Crimea."
Originally Published 2 years ago — by Reuters
Ancient Scythian artefacts, including a solid gold helmet and golden neck ornament, have been returned to Ukraine after a decade-long legal dispute over ownership rights. The artefacts were on loan to Amsterdam's Allard Pierson Museum when Russian troops seized and annexed Crimea in 2014. Both Ukraine and the museums in Russian-occupied Crimea claimed ownership, but the Dutch Supreme Court ruled in favor of Ukraine. The artefacts, considered part of Ukraine's national heritage, will be stored in the National Museum of History of Ukraine until the de-occupation of Crimea.
Originally Published 2 years ago — by Financial Times
Brad Pitt is being accused of "looting" a vineyard in Provence that he co-owned with his ex-wife Angelina Jolie. The accusation comes as part of an ongoing ownership dispute between the former couple. Pitt's actions are being described as "petulant" by Jolie's legal team.