Glen Taylor has halted the sale of the Timberwolves and Lynx, claiming minority owners Lore and Rodriguez missed their March deadline, sparking a legal arbitration process.
The arbitration panel will review the timeline of a $1.5 billion agreement, as Lore and Rodriguez argue that they met the conditions to secure majority ownership.
Taylor contends that the delay in payment represents a breach of contract, while Lore and Rodriguez maintain they have sufficient funds to fulfill the agreement.
The situation is further complicated by Taylor's concerns over the teams' potential as championship contenders, which he cites as a reason for interrupting the sale.
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