Sport
Pending sale of Minnesota Timberwolves has no limitations to moving franchise to a new city – ESPN Australia
Meyer Orbach, who owns more than 17% of the NBA’s Timberwolves, filed a complaint alleging owner Glen Taylor’s pending sale of the franchise to Marc Lore and Alex…
Meyer Orbach, the second-largest shareholder in the Minnesota Timberwolves, filed a complaint in U.S. District Court in Minneapolis on Wednesday alleging that owner Glen Taylor’s pending sale of the franchise to Marc Lore and Alex Rodriguez is in violation of the franchise’s partnership agreement, according to a copy of the complaint obtained by ESPN.
The complaint cites Taylor’s failure to honor the “tag-along rights” for minority investors in the franchise, which allows them to sell their interests…
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