The wait is over for fans of professional basketball in Minnesota. A panel of three arbitrators has decided that the ownership group led by Marc Lore and Alex Rodriguez should be allowed to follow through with the process of buying the Minnesota Timberwolves and Minnesota Lynx from longtime owner Glen Taylor.

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Taylor, in a statement released jointly by both the Timberwolves and Lynx stated he and his wife were disappointed in the results, but this might not be the end of the story of who owns the both professional basketball teams.

Minnesota Timberwolves Basketball Limited Partnership (“Timberwolves and Lynx”) today announced that the arbitral panel issued its decision finding that the option for Marc Lore and Alex Rodriguez to acquire control of the Timberwolves and Lynx should be extended for an additional 90 days and that Messrs. Lore and Rodriguez may continue to pursue their application for NBA approval.

“Becky and I were disappointed by this 2-1 decision from the panel,” said Glen Taylor, Chairman of Taylor Sports Group, Inc., the general partner of the Timberwolves and Lynx. “We will review the decision thoroughly prior to making any further comment. We would like to express our sincere appreciation to Timberwolves and Lynx players, staff, and loyal fans for their support.”

Glen was quoted in the statement that he was disappointed, and that he would 'review the decision thoroughly' before saying anything else.

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People might think that this is over for Glen, but he still could appeal the decision of the panel to a Federal judge, but various outlets have stated that hasn't been a successful route before.

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So what happens next?

Lore, Rodriguez, and company need to pay Glen the remainder of the balance they owe from the original purchase price in 2021 of $1.5 Billion, once that happens the board of governors of the NBA votes on the new ownership group, if they get 23 or more votes, the Wolves and the Lynx will have new owners for the first time since 1994 when Taylor saved the wolves from being moved to New Orleans.

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