Minority owners Marc Lore and Alex Rodriguez possess $940 million ready to transfer for full ownership of the Timberwolves and Lynx, contingent on arbitration results.
Lore and Rodriguez's deal to purchase the Timberwolves for $1.5 billion stalled due to a claimed deadline miss on final payment by Glen Taylor.
The upcoming arbitration hearing on November 4 will determine the fate of the ownership transfer, following failed mediation between Lore, Rodriguez, and Taylor.
Michael Bloomberg has officially joined the Lore-Rodriguez ownership group, strengthening their bid for outright control of the Timberwolves and Lynx.
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