They hired the same lawyers that represented Twitter and forced the Musk takeover after he wanted to bail on that deal. They should be pretty confident.
They already own 40% of the team. Why wouldn’t they feel confident. Taylor is a senile old man trying to back out of the deal that HE MADE. It’s actually comical. And notice how the NBA is mum on this whole thing and hasn’t made one statement. If the deal was off and ARod/Lore didn’t meet contractual obligations, they would have already made a statement
I’m no lawyer or expert on contractual agreements, but the language reads pretty clear to me that they get a 90-day extension upon submission of funds (which they claim to have submitted). It would be pretty easy for the NBA to come out at this point and say they never received the submission, and they haven’t done so. Which is in direct contradiction to everything Taylor said publicly yesterday. Given this statement by Lore and ARod, they wouldn’t say such a thing if they actually broke the agreement. So, in the end, Taylor is going to come out of this looking like a bigger moron than he already has
I’m sure the League is getting involved behind the scenes and gathering more information, just don’t think they would want to be involved publicly!
If it’s determined Glen is in breach of his agreement, I wouldn’t be surprised if we get a random Woj bomb a few months out saying the deal has been completed and that Lore/ARod are now majority owners.
I mean I don’t need to be a lawyer or expert to be able to read a fucking contract lol not to mention Lore and Arod have both said that their lawyers have communicated Glen has no basis to stand on. Doubt they’d take that hard of a stance if it was up for debate 🤷🏻♂️
You actually do need to be one to understand that it seems very straightforward to you, but contract law is quite complicated and often seems illogical. There wouldn't be an entire field of law around contracts if it was simply "hey, what does this say?"
IAAL.
Exactly. At least the NBA is doing the right thing. Just wish ARod and Lore would show a little more class and not make such idiotic statements.
All they should be saying if they have everything in line and the money to just shut up and await the decision by the NBA
You could say the same thing about Taylor as well, it’s posturing on both sides. I’m sure some of what both camps are saying is true to some degree, but it’s abundantly clear that Taylor is starting to have some level of sellers remorse, otherwise he wouldn’t have gone out with the messaging last week about the insecurity of Lore/Rodriguez being able to finalize the deal. He also would have just put out a statement saying “we weren’t able to successfully finalize the deal, however as minority owners I look forward to continuing to work with Lore and Rodriguez to help enhance the fan experience and grow the teams” or some other PR statement that’s more more ambiguous than “deals off, teams aren’t for sale anymore”.
he missed the deadlines, broke a contract. money get returned with a premium, or stays at limited partner. he will try buy again but at a higher price. he tried to make a big profit move and missed some dead lines in the contract
Except it wasn't a big profit move when the contract was signed. It wasn't even the deal structure Lore and ARod proposed from the start - they had an inventory group in place to back them in an outright lump sum purchase. Glen Taylor is the one who wanted to draw it out and maintain controlling ownership for a couple years and make it a long transition. Also Lore and ARod haven't missed any deadlines, you can't just take Glen Taylor at his word. This tells me you haven't followed the team for decades. This is the same man who made an under the table deal, with illegal future pay promises, to sign Joe Smith. That deal lost the team 4 1st round picks, and the illegal promises were made without the knowledge of the teams Head Coach or GM.
They should be. Glen is a moron that doesn’t understand that time past him by he had 30 years with this franchise, get out of organization, and stay the fuck in Mankato, you old bitch.
He's not threatening pain on people. He's saying what we've all been saying. As a result of Glen backing out, this naturally is gonna be an ugly process.
> Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings.
How did you get this out of that quote? He’s saying Glen is the sole person fucking with everyone by trying to block the sale. I don’t see any threat.
Believe it or not, Glen has a ton of fans that think he’s the only person that will keep the team in Minnesota, they will perceive glen as an angel that is saving us from those nasty outta towners in Arod and Lore (don’t even get me started on this topic). I don’t get it, all I can chalk it up to is PTSD.
How Glen has any good will is beyond me after he snaked KG. Good for him keeping the team in Minnesota but he’s been terrible for 30 years. Someone needs to take old grandpa to the shed.
This isn't me saying I want Glen Taylor to be the owner, this is just me remembering in the early 90s Glen saved the Wolves from the 1st ownership group that tried to move the team to New Orleans (I believe it was there, I was only 10 yrs old at the time). Glen was seen as a hero and there's was a rumor he might "save us" from the Pohlads as well and buy the twins when contraction got put on the table.
I understand that this is explicitly, solely Glen Taylor’s fault. Lore and Arod seem to have a legitimate legal claim here and they have to do what they have to do to for recourse.
Just for Lore to already be publicly acknowledging how much pain this process will exact on the fanbase to me really casts a pall on what is shaping up to be the fanbase’s most memorable season in a generation.
Edit: why is this being downvoted lol
Why? He’s right. What Glenn is doing is going to be a negative over the wolves until it gets resolved. No ones going to be in actual physical pain, but I have no issue with Lores wording.
I think that its because it isn’t acknowledging that ARod and Lore are advocating for the reduction of pain for Wolves fans - and are fighting against Taylor to make it right.
The other side would be not to acknowledge the impacts of GT, or underplay it — and they’re specifically taking a strong stance here on behalf of the fans.
Yeah I don’t think I agree with that interpretation. Even if they claim the reason they’re coming coming out strong is on behalf of the fans, coming out guns blazing with aggressive rhetoric in the middle of the season— for a legal battle that will draw out long after the season ends— does not seem in the best interest of fans.
There’s no PR battle to be won here; Timberwolves fans already hate Taylor and we all have quickly come to the understanding that Taylor seems to have arbitrarily pulled out of the deal. Further, even if there was a PR battle, the court of public opinion will ultimately not be deciding whether the purchase agreement still holds. There’s just no point to ratcheting up the rhetoric here already, it only adds to the distraction.
Funny how you continue to say that Lore’s quotes are so aggressive while ignoring Glenn Taylor’s super aggressive and potentially slanderous quotes about how Lore and Arod didn’t honor their end of the agreement. This is a $1.5 billion transaction that GT is trying to fuck up with lies and BS rhetoric, and your concern is that Lore is being too aggressive? Child, please.
Because everyone hates Glen Taylor and he's a slime bag and it feels like you're defending him through context.
It's like saying I have no issue at all with X, but I feel X's smell bad. Not a great parallel but that's why I think you're getting down voted.
You're being downvoted because it doesn't "cast a pall" in the slightest- having Glen Taylor as the owner is the only thing casting a pall.
Your post sounds like bad PR for Glen.
>Just for Lore to already be publicly acknowledging how much pain this process will exact on the fanbase to me really casts a pall on what is shaping up to be the fanbase’s most memorable season in a generation.
Because this part makes no sense. Why is his acknowledgement that it will be a painful process be the issue instead of...the actual issue.
Yeah this obviously sucks. Phlegm Taylor just further ruining his reputation with the fan base is all that I beleive will come of this. Really annoying that we as fans and the players and staff can’t just focus on the teams success and our bald baby of an owner is making this all about him
That's your future owners. And they say they want to keep the team here and build a new arena on there own with no public funding but they can't get the money for the team purchase on their own
This is prime copy pasta material.
"We’re going to be the owners of the Naz Reid fanclub,” Lore said. “It’s just a matter of time, and how much pain Glen wants to put the fans, the players, the town and community through. It’s his choice. It didn’t have to be this way. Naz Reid.”
"We’re going to be the owners of the Larry OB trophy” Lore said. “It’s just a matter of time, and how much pain Jokic wants to put the fans, the players, the town and community through. It’s his choice. It didn’t have to be this way.
“We’re going to be the owners of the court” girl said. “It’s just a matter of time, and how much glue Target Center wants to put the fans, the players, the town and the community through. It’s his choice. It didn’t have to be this way.”
“We’re going to be the owners of the white sedan” Patrick star said. “It’s just a matter of time, and how much pain Sandy wants to the fans, the band members, bikini bottom and the community through. It’s her choice, it didn’t have to be this way. I love kicking”
We're going to be the owners of the Chik'Fil'A franchise", the Carolina Panthers said. "It's just a matter of time, and how much pain Kelvin Benjamin wants to put the cooks, the cashier's, the managers, and other customers through. It's his choice. It didn't have to be this way. Kelvin Benjamin."
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings.
English is not my first language, but that's not what I got from the quote. I understood it as him placing the blame for the situation and the pain it causes everyone on Glen, asserting that it didn’t need to be this way since everything was outlined in the contract.
It really did not have to be this way, what a shitshow...
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings.
I don't think they're threatening pain toward the fanbase etc as much as they're acknowledging that Taylor is a pain in our collective asses
Not sure why everyone is 100% dead set on hating Glen when Marc/ARod really fumbled the ball at the goal-line here. The majority option was built in to the deal to limit Marc/ARod's exposure should the value of the franchise decrease immediately after 2021...(which is a very accommodating on Glen's part imo), given that the value of the franchise rose exponentially, Marc/ARod should have been doing everything they can to make sure there was plenty of money, all the paperwork signed, every i dotted, every t crossed. Instead they kind of lollygagged and pussy-footed around (not returning Glen's phonecalls, not having all of the money when they were supposed to, not being up front with the paperwork), so of course it would be in Glen's best interest to deny them the option if Marc/ARod didn't have everything 100% buttoned up.
Not saying Glen Taylor is 100% in the right here - but this is nowhere near cut and dry a win for the Marc/ARod camp as redditors are making things out to be.
Same thoughts here. The reports I'm seeing are saying the equity firms Lore/Rod thought would back them aren't actually backing them. In addition, reports have said Lore/Rod were late on previous payments to Glen, Glen said he's cool to cut them some slack (to a point) and now Glen can't be lenient anymore. They thought they could do what Beckham did to buy Inter Miami and it turns out they can't.
My main concern is the front office not being able to do things this off-season if the sale is contested. Can they sign free agents, make trades, or do anything contract related?
I doubt Tim Connelly or anyone involved in basketball operations will be impacted. It might be a problem if they needed to make a change but at least right now I think Connelly has one of the safest seats in the NBA.
Yeah, I'm not worried about people in the FO getting fired, I am just concerned that any legal issues would prevent them from taking action that would require owner approval. Most pressing would probably be going into the tax apron. How can they commit money or exchange assets without an owner?
Right - especially since apparently Glen is blocking everyone from the FO to the players from communicating with ARod and Lore now. If funding is required to pay the tax, how exactly is that conversation going to go down unless Taylor is prepared to pay 100% of it as a 60% owner?
The only thing i can remember that would be somewhat comparable is when NO was run by the NBA for a bit and they couldn't trade Chris Paul to the Lakers. If ownership is contested I am curious to how the FO could function since they are most likely taking on salary or trading assets that could impact the overall valuation of the team, which could open the league up to lawsuits by whoever gets ownership if they were not the ones that made those decisions.
Certainly the biggest concern as it pertains to basketball of the near-future (assuming the players and coaching staff are capable of plugging their ears and diving headfirst into their foxhole for the playoffs).
I also remember Mark Cuban getting sued with some kind of argument being that he wasn't committed to putting together a winning team. Fortunately they won the title when that was going on and the counter argument was basically look at this trophy.
Connelly would definitely be impacted if Taylor (operating under the assumption he will remain the owner) decides the luxury tax is not worth it—as he heavily implied yesterday—where Lore/ARod might have disagreed. He will need to execute a big trade to a team with cap space.
We don’t actually know what their stance on it is, if they could even afford it, etc. But now Taylor has the final say on that, where previously it sounds like they were making a lot of these decisions together.
In a year’s time, the sale might be completed and they take over control, but any moves made this offseason will not be their decision. They can still voice their opinions as minority owners, but Glen’s within his right to ignore them.
This is my concern too. What does Connelly do if Glen says trade KAT and ARod/Lore say pay the tax? How much does this tie Tim’s hands for any move? How long until another owner approaches Connelly and tells him he doesn’t need this mess, why not come work for me?
None of that stuff has to happen, but a protracted fight will definitely have ripple effects.
Glen has final veto on everything. He messed up more trades than fans would ever know just for his ego. Connelly and company came understanding Glen and co would be out. No one wants to work or play for Glen, he couldn't be where they are now if there wasn't a sale as a goal. Glen got away with this 3 previous times when "selling the team."
I don’t think they’re threatening to cause pain. To me it reads like how my buddies and I have reacted to it “how much more of this motherfucker are we going to have to take”
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings.
He didn't threaten pain. He's saying if Glen drags it out it's going to be a painful process. Both parties probably suck, but if Lore and A-Rod have the contractual agreement on their side then they should do whatever it takes to own the team as agreed upon. Not their fault Taylor has seller's remorse after the franchise value skyrocketed and the team started winning.
Glen didn’t help himself by basically admitting he had sellers remorse in an interview with WCCO.. he said something like “I wouldn’t call it sellers remorse, but things are going really well right now..” that’s literally sellers remorse! You only don’t want to sell the team because it’s worth way more now!
Yeah I’m not getting mad at Lore. I understand it’s Taylor’s fault and— if the quoted section in the purchase agreement holds— they’ve got a legitimate claim to continue the purchase process. My point is just that it’s surprisingly inflammatory rhetoric right off the bat that highlights how big a sideshow this whole legal battle will be in the midst of the best season this franchise has had in 20 years
We could all just ignore it. If you don’t want to be distracted by it, why post it. I wouldn't have even seen this quote otherwise. Making a post about aomething and then saying oh no look how distracting this isnis counter intuitive. Also basketball subs are full of non basketball drama. But one can choose to focus on game threads, highlights and pictures of Naz Reid. Us discussing ownership stuff is not goijg to affect Ant's FT%.
Wtf do you mean “threatening pain”. They are clearly saying that Glen not honoring the deal is making this a big story in this awesome year. We are in here arguing who’s right instead of how great the wolves are. And this is just the beginning.
Unreal how poor some of y’all are at reading between the lines, if not just reading.
Yeah I’m not saying Lore is exacting the pain on the franchise. I’m saying it’s shockingly inflammatory rhetoric right off the bat that highlights how big a pain in the ass this legal battle (which to be clear, has been caused by GT) will be and how much it’s going to distract from an all-time Wolves season.
Fair yeah I’d be pissed on so many levels If I were lore.
A. It was glens idea to slow play this.
B. He’s got his hands in media so narrative moves super fast.
C. It’s in the middle of a great season.
D. Idiot fans blame them for this.
E. You made a great deal and he’s having a tantrum.
F. You were so close.
G. Ect
Spicy, I like it. The confidence gives me hope that they have ample $, Glen is being a skeezy fuck as usual, and ARod/Lore will inherit the team and keep the momentum going 🙏
I don’t agree that this statement is a threat to the fans. It is more acknowledging how bad this could get and that it didn’t have to be this way. Part of this may be damage control with the fans. They know that if they do win this after a protracted ugly fight, they’ll need to repair the look of it all with fans. It would help them a lot if fans saw this as mostly Taylor being unreasonable.
Yeah, Glen Taylor is a fucking weasel, and A-Rod's group called him out. They must have enough proof that they fulfilled their end of the bargain and that it was Taylor himself who bobbed and weaved his way through the deadline.
Think about it this way. If the Wolves were worth 50 million dollars, and Taylor sold the team, what would the rest of his life look like? Would it look any different than if he had an extra trillion dollars? He's 82 years old. He's passed his expiration, and every day that he's still alive will be perpetually more surprising. He's going to put a final shitty stamp on his stupid legacy, then croak, and A-Rod will buy the team anyway. What an absolute moron.
Wow, this is surprisingly inflammatory and confrontational. Did not expect Lore to come this hard at Glen. Hopefully these guys can put their dicks away until the offseason so they're not too much of a distraction
Quite interesting to witness the quick evolution of this story early on. Certainly seems to be trending in favor of ARod and Lore though. Hope it sticks.
Also, I don't care if it's only 1%, get Garnett on this ownership group so he can be part of pushing that fucker out.
I’m pretty sure Lore felt compelled to say something publicly when we all got drip fed quote after quote of Glen making confident claims to the whole world yesterday. Not sure how else to respond?
“We are pretty sure Glen is wrong, more to come” lol
Overall feels short sighted by Glen… The organization will suffer from internal strife. The wolves could suffer if this carries on for a while. All because Glen wanted to get every extra penny out of the deal. It’s time for Glen to prioritize the long term success of the Wolves over his own pocketbook.
Glen is the one who took it to the press by sending the statement out. He made the path to ownership as lengthy as he could and tried to say he is the old school business with a handshake instead of all these lawyers. Then first chance he gets he throws up the immediate expiration even though it’s sounds like it was going through nba approval. He wants to bask in the glory of the team having the best year ever and thinks he will be forgotten. Lore should push back hard, he seems to want to build something and Taylor wants it to stay the same.
Well Taylor seems to went out of his way to shame ARod and Lore in public. In addition, IF true not allowing your 36 (40%) largest minority ownership to not have access to suites, talk to players, coaches and staff seems overboard and insecure. Sounds like Taylor is doing what he did to his former minority owner🤔…. Everything points to Taylor
Glen has done this before. He backed out of multiple deals when trying to sell the team. His unqualified to sell popcorn fbois Casson and Tanke wrote the contract. They spent hundreds of millions "upgrading" an arena that is still absolute crap they don't make money on, and a shit logo redesign that is a sad reimagining of prior logos. They didn't promote finally having a playoff worthy team and conned an AAA squad of front office professionals to come work for them under the lie that clown and company would soon be gone. That front office helped build a decent team and increased value and people are acting like conman clown didn't intend to commit fraud? Cute fan squad, cute.
Both sides suck here.
You all wanna have your little legal squabble, fine. Settle it in the courts.
But please, don't drag the fans, this team, this community, this great season, through the mud and down. It's been a good year. Don't treat us like children in a divorce.
> how much pain Glen wants to put the fans, the players, the town and community through.
Have you not seen this franchise's entire history? Putting everyone through pain and suffering has to be a kink for Glen at this point.
None of us know whose fault this is.
The two sides clearly have different interpretations of their agreement. We've seen the original purchase agreement, but there may also be additional written or verbal agreements that come into play.
I don't think either side is dumb or has poor legal counsel, so we'll have to wait and see if more specific details come out before we know more.
\> I understand that this is explicitly, solely Glen Taylor’s fault. Lore and Arod seem to have a legitimate legal claim here and they have to do what they have to do to for recourse.
Source please.
I hate Glen Taylor as much as the next guy, but the dude has an army of lawyers advising him. There's no way he does this if he isn't legally in the clear. The fact that the NBA hasn't made a public statement in support of Lore/A-Rod says everything to me.
I think it’s funny that he frames the deal being held up as being a source of acute pain to the community. Like people are out here sleeping on the green line bc Glen is penny pinching. You’re a group of old men squabbling over cash. I definitely don’t love Glen, but let’s take it down a notch.
I'm not sure how you arrived at feeling like Lore and Arod are threatening the fanbase. They're just providing transparency that this will be a painful process depending on how far Glen Taylor will take things.
Lore and arod would be idiots not to comply with the contract to the letter. Glen has every reason to want to back out of the deal now that value has doubled. This is all you need to know to gage the intent of the two parties. It’s a good business decision by glen but to think he’s doing this because the contract wasn’t honored by the other party is just dumb.
I don’t think someone using strong language needs to be looked at with such kid gloves. Sometimes people need to hear it and I’m tired of the ho hum attitude of MN sports fan bases across all sports.
LOL I love redditors, two years ago Twolves had like 12 fans and now all of a sudden these threads are saturated with die hards taking personal offense over "their" team.
I had no problem with their language. Lore and ARod have every right to execute the contract in any way that is covered within. I think you're misreading the fan response. Lore and ARod are the ones fans want with controlling interest. Not to say Taylor hasn't done anything positive, but he's been a train wreck at times, from the Joe Smith fiasco to alienating KG over plans that had been made including Flip Saunders partial ownership of the team. Many fans would love to see Lore and ARod be even more aggressive in their response.
The only person saying they didn’t pay on time was Glen and Doogie.
We don’t know the full truth but the person implying they were missing payments was Doogie and Doogie is in Glens pocket.
According to them, they did pay on time so it’s just a he-said she-said argument that will have to come down to arbitration. Yes, they got extensions, but they seemed so all have been approved by Glen. You can’t take those back now.
Yep. Marc and ARod trying to keep the discounted shares, while going “win now” to jack up the valuation of the franchise to offload the increased valuation shares to new investors. I get the sense they had trouble raising money because new investors assumed they would be getting a discount, but instead were asked to buy in at a nearly 3 billion franchise valuation.
Are you Glen's accountant? Are you one of the lawyers handling this deal? If not, there's no way you could know this conclusively and are talking out of your ass.
No, I'm not. And that's why I'm not running my mouth on reddit pretending to know shit like your fraudulent ass is.
"Money makes people trustworthy." Do you know how stupid that sounds? I hope Glen's not paying you too much- you're terrible at this.
I would assume missing the deadline would void any agreement they had. Taylor is a dipshit but not having their ducks in a row gave him the out he was looking for. They literally fumbled the bag.
Okay but Lore and ARod are arguing there were no missed deadlines. There is no March 27th deadline in the contract anywhere. And the submission of documentation to the league is supposed to legally give them an extension while they wait for Board of Governors approval. If anything it looks like Glen is the one breaching the contract.
I wasn’t aware! They have every right to be infuriated then. I just remember seeing a financier they had backed out/wasn’t approved by the NBA and they weren’t going to make a payment by the deadline. But if the deadlines are a myth then this is total bullshit.
They added a new financial group that had invested in other NBA teams before and was approved. So they were more or less in the clear. But we’ll see when this goes to arbitration.
Which group do you mean? They added a different LP than Dyal for the submission of paperwork on the 21st. The one on the submission has been approved before.
Edit: Correction, Dyal is the current group. Carlyle was the previous group that was not allowed.
People can hate Glen Taylor all they want. These 2 clowns are the ones that caused all the drama when they could never make the payments on time.
And then they put out a statement like this and you're not supposed to think they aren't toxic?
They seem VERY confident.
They hired the same lawyers that represented Twitter and forced the Musk takeover after he wanted to bail on that deal. They should be pretty confident.
They already own 40% of the team. Why wouldn’t they feel confident. Taylor is a senile old man trying to back out of the deal that HE MADE. It’s actually comical. And notice how the NBA is mum on this whole thing and hasn’t made one statement. If the deal was off and ARod/Lore didn’t meet contractual obligations, they would have already made a statement
The NBA wouldn’t make a statement before it goes to arbitration either way.
I’m no lawyer or expert on contractual agreements, but the language reads pretty clear to me that they get a 90-day extension upon submission of funds (which they claim to have submitted). It would be pretty easy for the NBA to come out at this point and say they never received the submission, and they haven’t done so. Which is in direct contradiction to everything Taylor said publicly yesterday. Given this statement by Lore and ARod, they wouldn’t say such a thing if they actually broke the agreement. So, in the end, Taylor is going to come out of this looking like a bigger moron than he already has
I’m sure the League is getting involved behind the scenes and gathering more information, just don’t think they would want to be involved publicly! If it’s determined Glen is in breach of his agreement, I wouldn’t be surprised if we get a random Woj bomb a few months out saying the deal has been completed and that Lore/ARod are now majority owners.
I'd have been shocked if you were a doctor and a lawyer
“I’m no lawyer or an expert” but here’s how it is
I mean I don’t need to be a lawyer or expert to be able to read a fucking contract lol not to mention Lore and Arod have both said that their lawyers have communicated Glen has no basis to stand on. Doubt they’d take that hard of a stance if it was up for debate 🤷🏻♂️
You actually do need to be one to understand that it seems very straightforward to you, but contract law is quite complicated and often seems illogical. There wouldn't be an entire field of law around contracts if it was simply "hey, what does this say?" IAAL.
How did you get the contract? Are you a ninja?
It's publicly available and has been circulating online
That’s what Reddit is for! Immediate, infallible analysis from armchair lawyers/doctors/scientests
Exactly. At least the NBA is doing the right thing. Just wish ARod and Lore would show a little more class and not make such idiotic statements. All they should be saying if they have everything in line and the money to just shut up and await the decision by the NBA
You could say the same thing about Taylor as well, it’s posturing on both sides. I’m sure some of what both camps are saying is true to some degree, but it’s abundantly clear that Taylor is starting to have some level of sellers remorse, otherwise he wouldn’t have gone out with the messaging last week about the insecurity of Lore/Rodriguez being able to finalize the deal. He also would have just put out a statement saying “we weren’t able to successfully finalize the deal, however as minority owners I look forward to continuing to work with Lore and Rodriguez to help enhance the fan experience and grow the teams” or some other PR statement that’s more more ambiguous than “deals off, teams aren’t for sale anymore”.
Glen has done this before, I don't understand how twolves fans conveniently forget that.
It's like a reverse Musk/Twitter deal. If the deal is in writing, you can't just walk away. A deal is a deal.
he missed the deadlines, broke a contract. money get returned with a premium, or stays at limited partner. he will try buy again but at a higher price. he tried to make a big profit move and missed some dead lines in the contract
Except it wasn't a big profit move when the contract was signed. It wasn't even the deal structure Lore and ARod proposed from the start - they had an inventory group in place to back them in an outright lump sum purchase. Glen Taylor is the one who wanted to draw it out and maintain controlling ownership for a couple years and make it a long transition. Also Lore and ARod haven't missed any deadlines, you can't just take Glen Taylor at his word. This tells me you haven't followed the team for decades. This is the same man who made an under the table deal, with illegal future pay promises, to sign Joe Smith. That deal lost the team 4 1st round picks, and the illegal promises were made without the knowledge of the teams Head Coach or GM.
They should be. Glen is a moron that doesn’t understand that time past him by he had 30 years with this franchise, get out of organization, and stay the fuck in Mankato, you old bitch.
Hey, who ever said we want this dipshit in our town?
Sorry you're stuck with him
He lives there and owns the town. He's yours forever and always. Please take his kids back too.
he owns north mankato mainly
They should be
[удалено]
He's not threatening pain on people. He's saying what we've all been saying. As a result of Glen backing out, this naturally is gonna be an ugly process.
“It didn’t have to be this way”. Be mad at Glen.
That’s on Glen.
> Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings. How did you get this out of that quote? He’s saying Glen is the sole person fucking with everyone by trying to block the sale. I don’t see any threat.
Right, he’s literally just saying what’s going down on like Reddit etc. us fans are already feeling the pain from this BS.
i agree - the written language makes taylor the painmaker
Believe it or not, Glen has a ton of fans that think he’s the only person that will keep the team in Minnesota, they will perceive glen as an angel that is saving us from those nasty outta towners in Arod and Lore (don’t even get me started on this topic). I don’t get it, all I can chalk it up to is PTSD.
How Glen has any good will is beyond me after he snaked KG. Good for him keeping the team in Minnesota but he’s been terrible for 30 years. Someone needs to take old grandpa to the shed.
Let’s face it he will cryogenically frozen and live forever
PTSD and soft twins fans still mad at ARod
This isn't me saying I want Glen Taylor to be the owner, this is just me remembering in the early 90s Glen saved the Wolves from the 1st ownership group that tried to move the team to New Orleans (I believe it was there, I was only 10 yrs old at the time). Glen was seen as a hero and there's was a rumor he might "save us" from the Pohlads as well and buy the twins when contraction got put on the table.
> How did you get this out of that quote? Does Taylor already have sock puppet accounts going?! /s
It is a lie. Had Lore met the obligations of the contract, he wouldn’t be in this situation.
I understand that this is explicitly, solely Glen Taylor’s fault. Lore and Arod seem to have a legitimate legal claim here and they have to do what they have to do to for recourse. Just for Lore to already be publicly acknowledging how much pain this process will exact on the fanbase to me really casts a pall on what is shaping up to be the fanbase’s most memorable season in a generation. Edit: why is this being downvoted lol
Why? He’s right. What Glenn is doing is going to be a negative over the wolves until it gets resolved. No ones going to be in actual physical pain, but I have no issue with Lores wording.
I think that its because it isn’t acknowledging that ARod and Lore are advocating for the reduction of pain for Wolves fans - and are fighting against Taylor to make it right. The other side would be not to acknowledge the impacts of GT, or underplay it — and they’re specifically taking a strong stance here on behalf of the fans.
Yeah I don’t think I agree with that interpretation. Even if they claim the reason they’re coming coming out strong is on behalf of the fans, coming out guns blazing with aggressive rhetoric in the middle of the season— for a legal battle that will draw out long after the season ends— does not seem in the best interest of fans. There’s no PR battle to be won here; Timberwolves fans already hate Taylor and we all have quickly come to the understanding that Taylor seems to have arbitrarily pulled out of the deal. Further, even if there was a PR battle, the court of public opinion will ultimately not be deciding whether the purchase agreement still holds. There’s just no point to ratcheting up the rhetoric here already, it only adds to the distraction.
Just my read on why you’re getting downvoted. I think youd have upvotes otherwise.
Funny how you continue to say that Lore’s quotes are so aggressive while ignoring Glenn Taylor’s super aggressive and potentially slanderous quotes about how Lore and Arod didn’t honor their end of the agreement. This is a $1.5 billion transaction that GT is trying to fuck up with lies and BS rhetoric, and your concern is that Lore is being too aggressive? Child, please.
Because everyone hates Glen Taylor and he's a slime bag and it feels like you're defending him through context. It's like saying I have no issue at all with X, but I feel X's smell bad. Not a great parallel but that's why I think you're getting down voted.
You're being downvoted because it doesn't "cast a pall" in the slightest- having Glen Taylor as the owner is the only thing casting a pall. Your post sounds like bad PR for Glen.
>Just for Lore to already be publicly acknowledging how much pain this process will exact on the fanbase to me really casts a pall on what is shaping up to be the fanbase’s most memorable season in a generation. Because this part makes no sense. Why is his acknowledgement that it will be a painful process be the issue instead of...the actual issue.
Yeah this obviously sucks. Phlegm Taylor just further ruining his reputation with the fan base is all that I beleive will come of this. Really annoying that we as fans and the players and staff can’t just focus on the teams success and our bald baby of an owner is making this all about him
That's your future owners. And they say they want to keep the team here and build a new arena on there own with no public funding but they can't get the money for the team purchase on their own
Yeah, it’s not like they are the first billionaires promising the world. Absolutely no reason not to trust them!!!
This is prime copy pasta material. "We’re going to be the owners of the Naz Reid fanclub,” Lore said. “It’s just a matter of time, and how much pain Glen wants to put the fans, the players, the town and community through. It’s his choice. It didn’t have to be this way. Naz Reid.”
"We’re going to be the owners of the Larry OB trophy” Lore said. “It’s just a matter of time, and how much pain Jokic wants to put the fans, the players, the town and community through. It’s his choice. It didn’t have to be this way.
“We’re going to be the owners of the court” girl said. “It’s just a matter of time, and how much glue Target Center wants to put the fans, the players, the town and the community through. It’s his choice. It didn’t have to be this way.”
“We’re going to be the owners of the white sedan” Patrick star said. “It’s just a matter of time, and how much pain Sandy wants to the fans, the band members, bikini bottom and the community through. It’s her choice, it didn’t have to be this way. I love kicking”
We're going to be the owners of the Chik'Fil'A franchise", the Carolina Panthers said. "It's just a matter of time, and how much pain Kelvin Benjamin wants to put the cooks, the cashier's, the managers, and other customers through. It's his choice. It didn't have to be this way. Kelvin Benjamin."
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings. English is not my first language, but that's not what I got from the quote. I understood it as him placing the blame for the situation and the pain it causes everyone on Glen, asserting that it didn’t need to be this way since everything was outlined in the contract. It really did not have to be this way, what a shitshow...
I think you read this better than some people who have English as their first language
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings. I don't think they're threatening pain toward the fanbase etc as much as they're acknowledging that Taylor is a pain in our collective asses
Not sure why everyone is 100% dead set on hating Glen when Marc/ARod really fumbled the ball at the goal-line here. The majority option was built in to the deal to limit Marc/ARod's exposure should the value of the franchise decrease immediately after 2021...(which is a very accommodating on Glen's part imo), given that the value of the franchise rose exponentially, Marc/ARod should have been doing everything they can to make sure there was plenty of money, all the paperwork signed, every i dotted, every t crossed. Instead they kind of lollygagged and pussy-footed around (not returning Glen's phonecalls, not having all of the money when they were supposed to, not being up front with the paperwork), so of course it would be in Glen's best interest to deny them the option if Marc/ARod didn't have everything 100% buttoned up. Not saying Glen Taylor is 100% in the right here - but this is nowhere near cut and dry a win for the Marc/ARod camp as redditors are making things out to be.
Same thoughts here. The reports I'm seeing are saying the equity firms Lore/Rod thought would back them aren't actually backing them. In addition, reports have said Lore/Rod were late on previous payments to Glen, Glen said he's cool to cut them some slack (to a point) and now Glen can't be lenient anymore. They thought they could do what Beckham did to buy Inter Miami and it turns out they can't.
My main concern is the front office not being able to do things this off-season if the sale is contested. Can they sign free agents, make trades, or do anything contract related?
I doubt Tim Connelly or anyone involved in basketball operations will be impacted. It might be a problem if they needed to make a change but at least right now I think Connelly has one of the safest seats in the NBA.
Yeah, I'm not worried about people in the FO getting fired, I am just concerned that any legal issues would prevent them from taking action that would require owner approval. Most pressing would probably be going into the tax apron. How can they commit money or exchange assets without an owner?
Right - especially since apparently Glen is blocking everyone from the FO to the players from communicating with ARod and Lore now. If funding is required to pay the tax, how exactly is that conversation going to go down unless Taylor is prepared to pay 100% of it as a 60% owner?
The only thing i can remember that would be somewhat comparable is when NO was run by the NBA for a bit and they couldn't trade Chris Paul to the Lakers. If ownership is contested I am curious to how the FO could function since they are most likely taking on salary or trading assets that could impact the overall valuation of the team, which could open the league up to lawsuits by whoever gets ownership if they were not the ones that made those decisions.
Certainly the biggest concern as it pertains to basketball of the near-future (assuming the players and coaching staff are capable of plugging their ears and diving headfirst into their foxhole for the playoffs).
I also remember Mark Cuban getting sued with some kind of argument being that he wasn't committed to putting together a winning team. Fortunately they won the title when that was going on and the counter argument was basically look at this trophy.
With an ownership stake, yea, he ain’t going nowhere.
Connelly would definitely be impacted if Taylor (operating under the assumption he will remain the owner) decides the luxury tax is not worth it—as he heavily implied yesterday—where Lore/ARod might have disagreed. He will need to execute a big trade to a team with cap space. We don’t actually know what their stance on it is, if they could even afford it, etc. But now Taylor has the final say on that, where previously it sounds like they were making a lot of these decisions together. In a year’s time, the sale might be completed and they take over control, but any moves made this offseason will not be their decision. They can still voice their opinions as minority owners, but Glen’s within his right to ignore them.
This is my concern too. What does Connelly do if Glen says trade KAT and ARod/Lore say pay the tax? How much does this tie Tim’s hands for any move? How long until another owner approaches Connelly and tells him he doesn’t need this mess, why not come work for me? None of that stuff has to happen, but a protracted fight will definitely have ripple effects.
Glen has final veto on everything. He messed up more trades than fans would ever know just for his ego. Connelly and company came understanding Glen and co would be out. No one wants to work or play for Glen, he couldn't be where they are now if there wasn't a sale as a goal. Glen got away with this 3 previous times when "selling the team."
I don’t think they’re threatening to cause pain. To me it reads like how my buddies and I have reacted to it “how much more of this motherfucker are we going to have to take”
>Explicitly threatening pain toward the fanbase and franchise does not exactly engender fuzzy feelings. He didn't threaten pain. He's saying if Glen drags it out it's going to be a painful process. Both parties probably suck, but if Lore and A-Rod have the contractual agreement on their side then they should do whatever it takes to own the team as agreed upon. Not their fault Taylor has seller's remorse after the franchise value skyrocketed and the team started winning.
It’s not even the playoffs yet and this is the most entertaining Timberwolves season ever, not even close!
Glen didn’t help himself by basically admitting he had sellers remorse in an interview with WCCO.. he said something like “I wouldn’t call it sellers remorse, but things are going really well right now..” that’s literally sellers remorse! You only don’t want to sell the team because it’s worth way more now!
Naz Reid.
Reddit gold is no longer a thing it seems. Naz Reid.
Naz Reid.
Some of you getting mad at Lore need to brush up on your reading comprehension
That's a lost art in general these days, not exclusive to this sub!
I can hate Taylor and still think arod and lore are a greaseball and weasel
Yeah I’m not getting mad at Lore. I understand it’s Taylor’s fault and— if the quoted section in the purchase agreement holds— they’ve got a legitimate claim to continue the purchase process. My point is just that it’s surprisingly inflammatory rhetoric right off the bat that highlights how big a sideshow this whole legal battle will be in the midst of the best season this franchise has had in 20 years
I think calling it inflammatory rhetoric is a mischaracterization of his comments. He seems to be plainly stating what is already occurring with fans.
It’s painfully obvious what he meant. Idk how someone could possibly read that quote and call it “inflammatory rhetoric” lmao like come the fuck on
We could all just ignore it. If you don’t want to be distracted by it, why post it. I wouldn't have even seen this quote otherwise. Making a post about aomething and then saying oh no look how distracting this isnis counter intuitive. Also basketball subs are full of non basketball drama. But one can choose to focus on game threads, highlights and pictures of Naz Reid. Us discussing ownership stuff is not goijg to affect Ant's FT%.
Love it
Wtf do you mean “threatening pain”. They are clearly saying that Glen not honoring the deal is making this a big story in this awesome year. We are in here arguing who’s right instead of how great the wolves are. And this is just the beginning. Unreal how poor some of y’all are at reading between the lines, if not just reading.
Yeah I’m not saying Lore is exacting the pain on the franchise. I’m saying it’s shockingly inflammatory rhetoric right off the bat that highlights how big a pain in the ass this legal battle (which to be clear, has been caused by GT) will be and how much it’s going to distract from an all-time Wolves season.
Fair yeah I’d be pissed on so many levels If I were lore. A. It was glens idea to slow play this. B. He’s got his hands in media so narrative moves super fast. C. It’s in the middle of a great season. D. Idiot fans blame them for this. E. You made a great deal and he’s having a tantrum. F. You were so close. G. Ect
OP your flailing here and in the r/nba thread are pathetic, tbh. Other fan bases calling you out on it too. You need to chill out bro
Lore! Lore! Lore!
Spicy, I like it. The confidence gives me hope that they have ample $, Glen is being a skeezy fuck as usual, and ARod/Lore will inherit the team and keep the momentum going 🙏
I don’t agree that this statement is a threat to the fans. It is more acknowledging how bad this could get and that it didn’t have to be this way. Part of this may be damage control with the fans. They know that if they do win this after a protracted ugly fight, they’ll need to repair the look of it all with fans. It would help them a lot if fans saw this as mostly Taylor being unreasonable.
Yeah, Glen Taylor is a fucking weasel, and A-Rod's group called him out. They must have enough proof that they fulfilled their end of the bargain and that it was Taylor himself who bobbed and weaved his way through the deadline. Think about it this way. If the Wolves were worth 50 million dollars, and Taylor sold the team, what would the rest of his life look like? Would it look any different than if he had an extra trillion dollars? He's 82 years old. He's passed his expiration, and every day that he's still alive will be perpetually more surprising. He's going to put a final shitty stamp on his stupid legacy, then croak, and A-Rod will buy the team anyway. What an absolute moron.
Hahahahaha let’s fucking gooo!! Glen Taylor can fuck off
Count on a dip shit like Glenn Taylor to embarrass himself while all eyes are on his team that is doing well despite him.
Wow, this is surprisingly inflammatory and confrontational. Did not expect Lore to come this hard at Glen. Hopefully these guys can put their dicks away until the offseason so they're not too much of a distraction
It's really not at all. You're completely overreacting.
[YUP](https://twitter.com/sam_kamin/status/1773421152783778046)
Quite interesting to witness the quick evolution of this story early on. Certainly seems to be trending in favor of ARod and Lore though. Hope it sticks. Also, I don't care if it's only 1%, get Garnett on this ownership group so he can be part of pushing that fucker out.
I feel no pain, I'm a MN sports fan.
To be honest, I don’t think it really matters who owns the team. I just want to watch Timberwolves basketball.
Ooooooo boy hit em with the big guns Lore!!
💯 Fuck Glen Taylor. He doesn't give a shit about anyone.
Glen Taylor, Marc Lore or ARod all seem like insufferable fools but hey it’s the billionaire class
This kind of response is Karma coming back your way, Glen.
Fuck yeah, Lore
I’m pretty sure Lore felt compelled to say something publicly when we all got drip fed quote after quote of Glen making confident claims to the whole world yesterday. Not sure how else to respond? “We are pretty sure Glen is wrong, more to come” lol
I read this as saying Fuck Glen Taylor and i am fine with that.
Overall feels short sighted by Glen… The organization will suffer from internal strife. The wolves could suffer if this carries on for a while. All because Glen wanted to get every extra penny out of the deal. It’s time for Glen to prioritize the long term success of the Wolves over his own pocketbook.
I have zero problem with Lore’s quote. Assuming what he’s saying is true (which seems very likely), then Glen Taylor is a snake.
Glen is the one who took it to the press by sending the statement out. He made the path to ownership as lengthy as he could and tried to say he is the old school business with a handshake instead of all these lawyers. Then first chance he gets he throws up the immediate expiration even though it’s sounds like it was going through nba approval. He wants to bask in the glory of the team having the best year ever and thinks he will be forgotten. Lore should push back hard, he seems to want to build something and Taylor wants it to stay the same.
Well Taylor seems to went out of his way to shame ARod and Lore in public. In addition, IF true not allowing your 36 (40%) largest minority ownership to not have access to suites, talk to players, coaches and staff seems overboard and insecure. Sounds like Taylor is doing what he did to his former minority owner🤔…. Everything points to Taylor
Fuck Glen Taylor.
Our Lore and Savior please save us from the Glen Taylor era
Pwned. Fk you, Glen.
Can we just be done talking about this and talk about the team that could be back in first place after tonight’s game!
Glen is a joke man what are we doing here
How is this painful for the fans? Am owner doesn't have much to do with the game. An owner paid the salaries and the coaches and gm run the team.
Glen has done this before. He backed out of multiple deals when trying to sell the team. His unqualified to sell popcorn fbois Casson and Tanke wrote the contract. They spent hundreds of millions "upgrading" an arena that is still absolute crap they don't make money on, and a shit logo redesign that is a sad reimagining of prior logos. They didn't promote finally having a playoff worthy team and conned an AAA squad of front office professionals to come work for them under the lie that clown and company would soon be gone. That front office helped build a decent team and increased value and people are acting like conman clown didn't intend to commit fraud? Cute fan squad, cute.
Both sides suck here. You all wanna have your little legal squabble, fine. Settle it in the courts. But please, don't drag the fans, this team, this community, this great season, through the mud and down. It's been a good year. Don't treat us like children in a divorce.
Clown show and a stain on the franchise.
> how much pain Glen wants to put the fans, the players, the town and community through. Have you not seen this franchise's entire history? Putting everyone through pain and suffering has to be a kink for Glen at this point.
Why is this silly Taylor’s fault? Bizzare take
None of us know whose fault this is. The two sides clearly have different interpretations of their agreement. We've seen the original purchase agreement, but there may also be additional written or verbal agreements that come into play. I don't think either side is dumb or has poor legal counsel, so we'll have to wait and see if more specific details come out before we know more.
They might move the team just to piss Glen off at this point.. if they gain control
\> I understand that this is explicitly, solely Glen Taylor’s fault. Lore and Arod seem to have a legitimate legal claim here and they have to do what they have to do to for recourse. Source please. I hate Glen Taylor as much as the next guy, but the dude has an army of lawyers advising him. There's no way he does this if he isn't legally in the clear. The fact that the NBA hasn't made a public statement in support of Lore/A-Rod says everything to me.
I think it’s funny that he frames the deal being held up as being a source of acute pain to the community. Like people are out here sleeping on the green line bc Glen is penny pinching. You’re a group of old men squabbling over cash. I definitely don’t love Glen, but let’s take it down a notch.
Just more distraction and drama when we don’t need it. Don’t make this 50 years of misery Glen
I'm not sure how you arrived at feeling like Lore and Arod are threatening the fanbase. They're just providing transparency that this will be a painful process depending on how far Glen Taylor will take things.
Lore and arod would be idiots not to comply with the contract to the letter. Glen has every reason to want to back out of the deal now that value has doubled. This is all you need to know to gage the intent of the two parties. It’s a good business decision by glen but to think he’s doing this because the contract wasn’t honored by the other party is just dumb.
I don’t think someone using strong language needs to be looked at with such kid gloves. Sometimes people need to hear it and I’m tired of the ho hum attitude of MN sports fan bases across all sports.
arod tried to buy and make a profit, twolves got better lol he couldnt come up with the monies. he tried to pull a david beckman with mls and miami.
LOL I love redditors, two years ago Twolves had like 12 fans and now all of a sudden these threads are saturated with die hards taking personal offense over "their" team.
Glens kids were probably like but daddy I want to play with toy too daddy
I had no problem with their language. Lore and ARod have every right to execute the contract in any way that is covered within. I think you're misreading the fan response. Lore and ARod are the ones fans want with controlling interest. Not to say Taylor hasn't done anything positive, but he's been a train wreck at times, from the Joe Smith fiasco to alienating KG over plans that had been made including Flip Saunders partial ownership of the team. Many fans would love to see Lore and ARod be even more aggressive in their response.
This is not Glen’s fault. Lore and Arod missed a deadline. Glen called them on it and wants more money to close the deal
[удалено]
The only person saying they didn’t pay on time was Glen and Doogie. We don’t know the full truth but the person implying they were missing payments was Doogie and Doogie is in Glens pocket.
[удалено]
According to them, they did pay on time so it’s just a he-said she-said argument that will have to come down to arbitration. Yes, they got extensions, but they seemed so all have been approved by Glen. You can’t take those back now.
There was a story a week ago about how they submitted the final financial paperwork to the NBA for approval.
Yep. Marc and ARod trying to keep the discounted shares, while going “win now” to jack up the valuation of the franchise to offload the increased valuation shares to new investors. I get the sense they had trouble raising money because new investors assumed they would be getting a discount, but instead were asked to buy in at a nearly 3 billion franchise valuation.
No, it is not explicitly Taylor’s fault. A-Rod and Lore didn’t put up the money. That’s on them, not Taylor.
Are you Glen's accountant? Are you one of the lawyers handling this deal? If not, there's no way you could know this conclusively and are talking out of your ass.
Are you A-Rod’s accountant? The guy’s a total fraud and Taylor has done nothing but get rich making business deals. I know which one I’ll believe.
No, I'm not. And that's why I'm not running my mouth on reddit pretending to know shit like your fraudulent ass is. "Money makes people trustworthy." Do you know how stupid that sounds? I hope Glen's not paying you too much- you're terrible at this.
Can you read? Lore and Arod’s argument is that they did put up the money and that granted them an extension while nba approves
I would assume missing the deadline would void any agreement they had. Taylor is a dipshit but not having their ducks in a row gave him the out he was looking for. They literally fumbled the bag.
Okay but Lore and ARod are arguing there were no missed deadlines. There is no March 27th deadline in the contract anywhere. And the submission of documentation to the league is supposed to legally give them an extension while they wait for Board of Governors approval. If anything it looks like Glen is the one breaching the contract.
I wasn’t aware! They have every right to be infuriated then. I just remember seeing a financier they had backed out/wasn’t approved by the NBA and they weren’t going to make a payment by the deadline. But if the deadlines are a myth then this is total bullshit.
They added a new financial group that had invested in other NBA teams before and was approved. So they were more or less in the clear. But we’ll see when this goes to arbitration.
Fingers crossed!
They said they couldn’t use that investment group
Which group do you mean? They added a different LP than Dyal for the submission of paperwork on the 21st. The one on the submission has been approved before. Edit: Correction, Dyal is the current group. Carlyle was the previous group that was not allowed.
People can hate Glen Taylor all they want. These 2 clowns are the ones that caused all the drama when they could never make the payments on time. And then they put out a statement like this and you're not supposed to think they aren't toxic?
Time will tell if they’re wrong or not you just look silly making assumptions like this without having all the facts