Timberwolves Ownership Dispute Heads to Mediation

The Minnesota Timberwolves' ownership conflict involving Glen Taylor, Marc Lore, and Alex Rodriguez will undergo mediation on May 1st to resolve disagreements over control of the team.

The dispute arose after Glen Taylor, the majority owner, ended a three-year succession plan, citing missed payment deadlines by Lore and Rodriguez for additional shares.
Lore and Rodriguez claim they were entitled to a 90-day extension for NBA approval, which they had filed for by the March 27 deadline, but Taylor expressed seller's remorse due to the team's increased value.
The mediation, set for May 1 in Minneapolis, is the first step in resolving the conflict over majority ownership, initially agreed upon in a phased deal starting in 2021.
Despite the ownership unrest, the Timberwolves secured the No. 3 seed in the Western Conference playoffs, indicating strong performance under the current management.
The NBA is considering rule changes to prevent similar disputes in future transactions, highlighting the significance of this mediation.