The dispute over ownership of wolves and lynx may be resolved soon

Marc Lohr, Alex Rodriguez and Michael Bloomberg reportedly have nearly a billion dollars in their accounts ready to be transferred to Glen Taylor to gain full ownership of the Minnesota Timberwolves and Lynx.

It remains to be seen whether Lore-Rodriguez’s ownership group will finalize the deal to purchase the Timberwolves and Lynx for the previously agreed upon sum of approximately $1.55 billion. Taylor backed out of the deal earlier this year – a surprise decision that Lohr and Rodriguez called “seller’s remorse” – and the two sides are now set to settle their dispute in arbitration.

According to ESPN’s Shams Charania, arbitration will begin on November 4th and we could know the outcome by December.

“That’s where it is now,” Charania began speaking with Pat McAfee on Tuesday. “Arbitration begins in November. Glen Taylor vs. Alex Rodriguez and Mark Lohr. From what I’ve heard, I believe we should know within a month who will own this team. And interestingly, I hear that Alex Rodriguez and Marc Lohr have $940 million in their JP Morgan account that needs to be transferred to Glen Taylor to complete the purchase of the team. Not only to get only their 60-70% stake, but also to buy the team outright from Glen Taylor. ”

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