The Minnesota Timberwolves’ ongoing possession dispute could have an preliminary mediation session on Might 1st.
Glen Taylor voided a deal to promote a majority stake within the Wolves to a gaggle led by Marc Lore and Alex Rodriguez after he asserted they failed to fulfill contractual deadlines.
Lore and Rodriguez are disputing Taylor’s place as they try to finalize their buy of the Wolves.
Lore and Rodriguez agreed to buy the Wolves in 2021 at a valuation of $1.5 billion. The deal allowed them to buy 20 p.c of the workforce in July 2021, 20 p.c extra in 2022 and 40 p.c extra in 2023.
