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> Just an incredible saga. Rumors flying for weeks that A-Rod/Lore weren’t gonna make it over the hump money-wise and then it was actually true. They *bought* a team for 1.5b in 2021 that’s easily worth 3.5-4b now… Taylor can re-sell his majority share for a way higher number now.
by lopea182
29 Comments
The new ownership agreement falling out piece
“Yesterday’s price is not today’s price, and you can’t even pay yesterday’s price.”
Damn that’s crazy how that works where it was reported constantly and actually turned out to be real and not AI generated Sports Illustrated articles like certain people were suggesting.
Somehow Glen Taylor returned
Sell high buy low.
I mean based on Woj report they did have the money, Taylor just got cold feet and backed out because the value of the team has doubled since the initial agreement.
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There it is.
KG is right, Taylor is a snake
I’d probably do the same if I was Taylor. He had a legal out as he saw the valuation of the franchise jump? Oh yeah.
Price of the brick going up.
Dumb to include the option in the first place.
Is this really Glen Taylor’s fault? The deadline passed. Blame Arod. What do you want him to do? Especially when the valuation has jumped even more now.
“Billions” Simmons is a hell of a thing I did not see coming.
Thanks, Spotify!
Is this not illegal? Agree on a price/deal and then back out because they can get more?
They [bought](https://i.pinimg.com/originals/33/42/54/334254f742bcb07ab5d293c39f4be910.gif) the T-Wolves
Glenn fucking the Wolves one more time.
Wow that’s awesome. Don’t care
So if I’m reading this right, parties agreed to 1.5 billion valuation/sale, buyers paid .4 of that (600 million) at some point, buyers were trying to pay an additional .4 (another 600 million) after exercising a 90 day window to complete the purchase, however they couldn’t secure the necessary funding in that timeframe, even though the value of the team has increased/doubled to 3 billion? What bank wouldn’t give them the money at that valuation?
Bill loves to shit on the Timberwolves.
Glen Taylor is not loved in Minnesota. He has had a hand in every disaster from the start. It’s not like anyone can write about it locally or read any of the local newspapers. He owns all of them, and puts up pay walls. Glen Taylor runs his business like it’s a video game with micro-transactions.
KG’s name isn’t in the house he built. Glen Taylor is a certified piece of shit, and no one wants him in Minnesota.
Glen Taylor ” I Want You To Put The Word Out There That We Back Up”
One more thing, the price of the Wolves going up
Can’t blame him, had a legal out and the value more than doubled. Crazy is just how much it increased in a 2-3 year span.
“Price of the brick going up” -~~Marlo Stanfield~~ Glen Taylor
Serious question. How were they not able to come up with even a loan? If the current valuation is higher than the purchase price?
I mean the Timberwolf look promising. Look at what happened to the Warriors franchise and the Bucks.
It’s the Wolves .. I assume Taylor will now team up with Robert Sarver – who has all this Suns money burning a hole in his pocket – to run the team.
A-Rod was just a figurehead. He is nowhere near wealthy enough to own more than a small percentage of an NBA franchise even at 1.5 billion