Turd Taylor Out As Majority Owner

[Beef Supreme]

I trust Turd Taylor more than I trust these 2 new guys. One of the first things I learned in the Marine Corps was USMC stands for...

U
Signed the
Motherfucking
Contract


If these 2 turds didn't fulfill their end of the agreement, fuck em. I have a ton more faith in Turd Taylor that he will keep the franchise in MN than I do with these 2.

My complaints about Taylor are all about how poorly he had ran the franchise in the past with his terrible GM & coaching hires. That has been remedied for the time being.

Taylor should use the press to apologize to KG for whatever misunderstanding those two have. Not being able to bring KG back into the fold is a terrible missed opportunity that we all want to get corrected.

If given a choice between an owner that I'm certain is committed to keeping the franchise in MN vs. new ownership that will immediately be able to bring KG back into the organization but I'm uncertain of their loyalty to MN...I'm choosing Turd Taylor without thinking twice.

If money is a problem for new ownership now, it's pretty damn naive to think that the temptation of moving the franchise to the highest bidding city in the future isn't something we should be concerned about.

or even something as simple as paying into the luxury tax.

100%

[Beef Supreme]

seller's remorse has nothing to do with it. it's besides the point. it isn't taylor that didn't live up to the agreement. he extended the deadline twice. that's more than fair. too bad for A-rod and marc that they couldn't come up with the money.

Lore and arod are claiming they did come up with the money, idk why everyone is quick to call them liars and not glen, they should have more goodwill with the fan base than Taylor does

quick to call Alex Rodriguez a liar?

When has ARod ever lied?

[Beef Supreme]

[Rusty Kuntz]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

[Beef Supreme]

Put me on team Taylor. Tons of flaws. But this ARod Lorre thing looks sketchy from afar. Multiple extensions of payment deadlines, financial backers bugging out in the 11th hour… something stinks.

I’ll take my chances that Taylor will keep the team together over the chance that the new guys have what it takes to run a team. Remember the Maloof brothers? They ran the Kings to great success, but they weren’t ultra rich. They were barely rich enough to run a team. Then they hit hard times and had to run the Kings on a shoestring before selling them. Sacramento was lucky to keep the Kings. They nearly went to Seattle.


I’m worried these guys don’t have the cheddar to be stable owners. They’re mega-millionaires cobbling together everything they can to sit at the billionaires’ table. I’m not sure they belong. They’re punching above their weight.

[Beef Supreme]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

I’m more concerned about ARod and Lorre being able to not for it than Glen.

Glen paid a lot for a winner before (by that era’s standards). I think he’ll do it again. Maybe not. But I’m not even sure Lorre and ARod can afford it.

[A$$MAN]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

Why would you assume ARod and Lore would pay the luxury tax when they can't even afford to buy the team? That sounds like owners that wouldn't be willing to pay to keep a team together.

[Roy D.]

Nobody in this is even remotely likeable, Although seeing Arod shoved in shit in satisfying to Ol Roy D!

[Beef Supreme]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

Why would you assume ARod and Lore would pay the luxury tax when they can't even afford to buy the team? That sounds like owners that wouldn't be willing to pay to keep a team together.

Precisely.

[Jimi_Thing]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

Why would you assume ARod and Lore would pay the luxury tax when they can't even afford to buy the team? That sounds like owners that wouldn't be willing to pay to keep a team together.

They definitely look like owners that Wolves fans should be concerned about if there’s a new host city that’s thirsty for a NBA franchise.

I’m 100% on Team Turd Taylor.

[flexbuffchest]

Glen admits it's because the Wolves are worth over a billion dollars more now than when he signed the agreement to sell.

FUCK YOU GLEN

[Rusty Kuntz]

How’s this gonna change the offseason? Will Glenn be willing to pay all that tax? I think we all assumed ARod and Lore would pay for the new team, but papa Glenn scares me.

Pitch forks if Glenn blows it up because he’s cheap again

Why would you assume ARod and Lore would pay the luxury tax when they can't even afford to buy the team? That sounds like owners that wouldn't be willing to pay to keep a team together.

Because I believed in the ARod hype. Him buying the team, getting a home in MN, social media pics of him in mn.. I bought in. I thought that they being new owners off of what should be a good playoff run this year, would want to keep the band together and pay whatever it takes being new owners and instantly getting about a billion dollars in equity. I had hope. Now with Glen and his track record I’m nervous.

[Abe Froman]

Guys, why didn't we just all chip in and buy the team back in 2009 - 2012 or so when they really sucked. We could have bought this bitch for about 12 cents back then! Wtf!? Now look at this shit! I brought it up! We all said we would chip in! WTF HAPPENED!!!???

[weimy froob]

i'll admit i had a bias against this sale from the start because i did have a concern about the franchise possibly being relocated. i still subscribe to the notion that glen should find a local billionaire to sell the team to.

Re: Wolves Sold to A-Rod
Post by weimy froob » Wed May 26, 2021 9:05 pm
norm green moved the north stars. they were an iconic franchise that had been to the NHL finals twice. as i said in the other thread--what is the loyalty to the twin cities from a guy like A-Rod? taylor should have sold this franchise to one of the local billionaires instead of these guys.

[Jimi_Thing]

Glen admits it's because the Wolves are worth over a billion dollars more now than when he signed the agreement to sell.

FUCK YOU GLEN

Then why didn’t the other side make it happen cap’n?

That simple question needs to be answered first. If their future franchise was on this amazing trajectory…one would think they wouldn’t be pulling a Minnesota Vikings/Mike Tice 1st round blunder. It logically doesn’t make sense.

[PanicWolf]

Taylor should just come out and say hey me and my people made an extra billion dollars today we’re going to pay the aprons give this team a serious run. Conversation over for me.

If he holds on to the team and is lean on any spending fuck him I would consider Ethan hawking my way in to the lasagna dinner kitchen
and serve him the most wicked scolding hot piece of shit lasagna possible.

[weimy froob]

the franchise being worth considerably more than what the purchase price was should have been all the incentive A-rod and marc needed to get the deal done within the parameters of the agreement. massive fail on their part. the good thing for them is that their 40 percent interest is worth a lot more than what they paid for it. for every dollar of appreciation glen only gets 60 cents. the other two get 40 cents.

i don't think this is about seller's remorse or asset appreciation. i think it's about the prospective buyers not being able to walk the walk. at least in a timely manner--which was a requirement of the deal.

[flexbuffchest]

Taylor should just come out and say hey me and my people made an extra billion dollars today we’re going to pay the aprons give this team a serious run. Conversation over for me.

If he holds on to the team and is lean on any spending fuck him I would consider Ethan hawking my way in to the lasagna dinner kitchen
and serve him the most wicked scolding hot piece of shit lasagna possible.

I hope you burn the cheese, bro.

Burn the cheese till it's black.

[Clubhouseleader]

Glen Taylor did nothing wrong here. Arod and Lore are shady as hell

[flexbuffchest]

Glen admits it's because the Wolves are worth over a billion dollars more now than when he signed the agreement to sell.

FUCK YOU GLEN

Then why didn’t the other side make it happen cap’n?

That simple question needs to be answered first. If their future franchise was on this amazing trajectory…one would think they wouldn’t be pulling a Minnesota Vikings/Mike Tice 1st round blunder. It logically doesn’t make sense.

I'm just tired of Glen Taylor. Worst owner in sports. I'd literally take any unknown quantity as an owner vs. Keeping Taylor

We were at the finish line and it fell apart. This is CLASSIC Timberwolves.

It should almost be 100% expected to happen honestly

[Lightning]

Bizzaro Wolves Chat, I don't get it. This is so on brand for Taylor.

[SKOLMN]

Glen admits it's because the Wolves are worth over a billion dollars more now than when he signed the agreement to sell.

FUCK YOU GLEN

Then why didn’t the other side make it happen cap’n?

That simple question needs to be answered first. If their future franchise was on this amazing trajectory…one would think they wouldn’t be pulling a Minnesota Vikings/Mike Tice 1st round blunder. It logically doesn’t make sense.

Once again, why do you firmly believe arod and lore don’t have the sufficient funds to buy the team? Because glen Taylor said so? He’s openly admitting the team is no longer for sale is because of how much the value of the franchise has grown since their agreement, and that doesn’t sound any alarm bells?

[jffl_commish]

Just because one side is wrong, doesn't mean the other side is right.

[weimy froob]

here's an article that kind of explains what was happening. A-rod didn't have the money to be an owner--but lore supposedly has the money if he liquidated his assets. he didn't want to if he did. anyways, march 27 was the date and it looks like they were scrambling. if glen came out today and said the deal was cancelled i'd have to believe that they didn't meet the requirements for the deal to be completed. too bad for them. nothing personal, it's just business. i'd guess that glen didn't like how these two were trying to get this deal done and pulled the plug after they failed to have their ducks in order. oh well. they still own 40 percent.

Report: Alex Rodriguez, Marc Lore's Wolves purchase back on

One day after a private equity firm pulled its $300 million investment from Alex Rodriguez and Marc Lore's bid to acquire majority control of the Minnesota Timberwolves and Lynx, the pair found a new financial backer and filed paperwork with the NBA to complete the deal, The Athletic reported Wednesday.

Per The Athletic, Rodriguez and Lore's original backer, the Carlyle Group, did not come to an agreement regarding requirements for those investing in the NBA, so the sides agreed to part ways.

Rodriguez -- the former baseball star -- and Lore found assistance elsewhere, with Dyal Capital Partners reportedly joining the duo as an investor to supply the financial backing that will complete the purchase of the two franchises from Glen Taylor. Former Google CEO Eric Schmidt is part of the new ownership group, per the report.

Rodriguez and Lore have been attempting to purchase another 40 percent of franchise equity on top of the 40 percent that they already have, which would allow them to take over as lead owners of both franchises. The NBA Board of Governors must approve the ownership structure, with no timetable set for that process.

The pair had made two purchases of 20 percent equity dating back to 2021 as part of a gradual move toward gaining control of the Minnesota franchises.

Rodriguez and Lore exercised their option to buy the final 40 percent of their deal in December, opening a 90-day window to close the deal. They had until March 27 to submit the paperwork to the NBA.

[UnFadeable21]

Glen Taylor Exclusive Interview with Star Tribune

"The deal is not done. There are deadlines to be met. As always, the NBA must be satisfied with new ownership, as well as its financials."

The Lore-Rodriguez tandem already had been given an extension. That was reached on March 27 — this Wednesday.

"They missed it," Taylor said.

This was in a short phone interview with Taylor from his home in Mankato on Thursday. A couple of hours earlier, the Timberwolves sent out a news release that the NBA team and their partners, the Lynx, were no longer for sale.

"Lore and ARod now own 36 percent," Taylor said by phone. "I will work with them, as I do with my other limited."

That term is used by Taylor to describe a few other individuals who own small shares of the basketball business.

The purchase price of $1.5 billion negotiated by Lore and Rodriguez has been dwarfed by other sales of NBA teams — including in Milwaukee and Phoenix.

"We could've gotten more — we could've gotten $2.5 billion paid upfront — but that person was going to try to move the team to Las Vegas," Taylor said in February.

There have been "NBA insiders" stating that the relationship between Lore, ARod and Taylor had "deteriorated" in recent weeks. Not enough so that Lore declined to make a pitch to Taylor for an investment in another company in February.

On Thursday, Taylor was asked about those reports. "I don't know if that's accurate," he said. "Lore told me he has been busy 24/7 with other projects. And ARod — he has a lot of people to meet when he's at a game.

"The deadline had been pushed back, and they missed it. That's what led to this."

Taylor said it doesn't change the basketball operation, with the Timberwolves currently headed by Tim Connelly.

"I only knew of him," Taylor said in February. "So, when he had interest in coming here, we invited him to our house for dinner. He's very friendly, very common, very family-oriented. And a very good decisionmaker."

Taylor's a fan of Connelly. He's a fan of coach Chris Finch. He's a fan of Cheryl Reeve with the Lynx, of course.

Nothing's changing here, including the guy who has been covering the bills and watching the assets grow.

One positive for the team followers complaining about Taylor staying as owner:

The demand for a new arena to house the Timberwolves could come much later with Taylor in charge, rather than if Lore and Rodriguez had taken over.

"I'm OK with Target Center," Taylor said. "You would always like to see a few improvements, but I don't see a major problem with the arena for now."

Did the explosion in the NBA sale prices lead to Thursday's decision to enforce the latest deadline and cancel the sale?

"Not for me," Taylor said. "My money's going to the Taylor Foundation, not in my pocket. But my limiteds, they might be happy if the Timberwolves are sold later for a higher price."

Litigation has been mentioned as a possibility for the Lore-ARod group, based on the claim they had lined up the financing. Response?

"It's business," Taylor said. "Everyone has the right to bring in the lawyers."

Lots of calls today? "Yes, and we have three grandbabies here," he said. "I'm going to have to stop answering."

[populousample]

Glen Taylor Exclusive Interview with Star Tribune

"The deal is not done. There are deadlines to be met. As always, the NBA must be satisfied with new ownership, as well as its financials."

The Lore-Rodriguez tandem already had been given an extension. That was reached on March 27 — this Wednesday.

"They missed it," Taylor said.

This was in a short phone interview with Taylor from his home in Mankato on Thursday. A couple of hours earlier, the Timberwolves sent out a news release that the NBA team and their partners, the Lynx, were no longer for sale.

"Lore and ARod now own 36 percent," Taylor said by phone. "I will work with them, as I do with my other limited."

That term is used by Taylor to describe a few other individuals who own small shares of the basketball business.

The purchase price of $1.5 billion negotiated by Lore and Rodriguez has been dwarfed by other sales of NBA teams — including in Milwaukee and Phoenix.

"We could've gotten more — we could've gotten $2.5 billion paid upfront — but that person was going to try to move the team to Las Vegas," Taylor said in February.

There have been "NBA insiders" stating that the relationship between Lore, ARod and Taylor had "deteriorated" in recent weeks. Not enough so that Lore declined to make a pitch to Taylor for an investment in another company in February.

On Thursday, Taylor was asked about those reports. "I don't know if that's accurate," he said. "Lore told me he has been busy 24/7 with other projects. And ARod — he has a lot of people to meet when he's at a game.

"The deadline had been pushed back, and they missed it. That's what led to this."

Taylor said it doesn't change the basketball operation, with the Timberwolves currently headed by Tim Connelly.

"I only knew of him," Taylor said in February. "So, when he had interest in coming here, we invited him to our house for dinner. He's very friendly, very common, very family-oriented. And a very good decisionmaker."

Taylor's a fan of Connelly. He's a fan of coach Chris Finch. He's a fan of Cheryl Reeve with the Lynx, of course.

Nothing's changing here, including the guy who has been covering the bills and watching the assets grow.

One positive for the team followers complaining about Taylor staying as owner:

The demand for a new arena to house the Timberwolves could come much later with Taylor in charge, rather than if Lore and Rodriguez had taken over.

"I'm OK with Target Center," Taylor said. "You would always like to see a few improvements, but I don't see a major problem with the arena for now."

Did the explosion in the NBA sale prices lead to Thursday's decision to enforce the latest deadline and cancel the sale?

"Not for me," Taylor said. "My money's going to the Taylor Foundation, not in my pocket. But my limiteds, they might be happy if the Timberwolves are sold later for a higher price."

Litigation has been mentioned as a possibility for the Lore-ARod group, based on the claim they had lined up the financing. Response?

"It's business," Taylor said. "Everyone has the right to bring in the lawyers."

Lots of calls today? "Yes, and we have three grandbabies here," he said. "I'm going to have to stop answering."

Exclusive, after recording interviews with Doogie and Hartman…

[Jimi_Thing]

Glen admits it's because the Wolves are worth over a billion dollars more now than when he signed the agreement to sell.

FUCK YOU GLEN

Then why didn’t the other side make it happen cap’n?

That simple question needs to be answered first. If their future franchise was on this amazing trajectory…one would think they wouldn’t be pulling a Minnesota Vikings/Mike Tice 1st round blunder. It logically doesn’t make sense.

Once again, why do you firmly believe arod and lore don’t have the sufficient funds to buy the team? Because glen Taylor said so? He’s openly admitting the team is no longer for sale is because of how much the value of the franchise has grown since their agreement, and that doesn’t sound any alarm bells?

I believe if Arod and the other guy fulfilled their end of the deal, this wouldn’t be an issue. It appears they didn’t. Why is that? Help me understand the logic that it’s Taylor’s fault.

[Jimi_Thing]

Seriously though. Who here is displeased with the current state of the Wolves?

- A top GM
- A very good head coach.
- Top star in the league.
- Very strong young core for that top GM to build on.
- Best announcers in the game.
- An owner that ain’t pissin and moanin about the Target Center no longer having that new car smell.
- An owner that’s committed to keeping the franchise in MN.

If this team makes noise in the playoffs this year, I’m confident Taylor will pay the luxury tax to keep the band together. Having a top team in the league and a sold out Target Center every night makes that a pretty easy decision.

[populousample]

Seriously though. Who here is displeased with the current state of the Wolves?

- A top GM
- A very good head coach.
- Top star in the league.
- Very strong young core for that top GM to build on.
- An owner that ain’t pissin and moanin about the Target Center no longer having that new car smell.
- An owner that’s committed to keeping the franchise in MN.

If this team makes noise in the playoffs this year, I’m confident Taylor will pay the luxury tax to keep the band together. Having a top team in the league and a sold out Target Center every night makes that a pretty easy decision.

Appreciate the positive vibes but Taylor took all of the attention away from those positive vibes by proactively going public and distracting from that narrative/points. Hard to have confidence in what he will do next.

[SHAFA]

Seriously though. Who here is displeased with the current state of the Wolves?

- A top GM
- A very good head coach.
- Top star in the league.
- Very strong young core for that top GM to build on.
- Best announcers in the game.
- An owner that ain’t pissin and moanin about the Target Center no longer having that new car smell.
- An owner that’s committed to keeping the franchise in MN.

If this team makes noise in the playoffs this year, I’m confident Taylor will pay the luxury tax to keep the band together. Having a top team in the league and a sold out Target Center every night makes that a pretty easy decision.

When it comes down to it all I want is an owner that keeps the team here and foots the bill when we’ve got a roster like we currently do.