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Arbitrators ruled in favor of Marc Lore and Alex Rodriguez on Monday in their legal battle to become the majority ownership group of the Minnesota Timberwolves, according to Shams Charania of ESPN, though they still need to receive approval from the NBA’s Board of Governors.
“We are extremely pleased with today’s decision,” Lore and Rodriguez said in a statement. “We look forward to working with the NBA to complete the approval process and close this transaction so that we can turn our attention to winning championships in Minnesota for our incredible fans and the Twin Cities community.”
This article will be updated soon to provide more information and analysis.
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