Timberwolves Ownership Bid by Alex Rodriguez and Marc Lore Fails

Glen Taylor retains control, citing concerns over potential new owners' financial capabilities.

Alex Rodriguez and Marc Lore missed the deadline to gain majority share of the Minnesota Timberwolves, ending their purchase attempt.
Glen Taylor, current owner, believes retaining ownership saves the team, citing Rodriguez's lack of funds to build a championship team.
The failed transaction may head to arbitration, with Rodriguez and Lore claiming they met financial obligations.
The Timberwolves' financial outlook could suffer without new ownership, potentially losing $40 million next season.
Fans and team insiders are divided on who should control the team, weighing Taylor's local ties against Rodriguez and Lore's business acumen.