{"id":380490,"date":"2024-03-28T16:18:42","date_gmt":"2024-03-28T15:18:42","guid":{"rendered":"https:\/\/sportando.basketball\/?p=380490"},"modified":"2024-03-28T16:18:42","modified_gmt":"2024-03-28T15:18:42","slug":"the-minnesota-timberwolves-and-lynx-are-no-longer-for-sale-the-official-statement","status":"publish","type":"post","link":"https:\/\/sportando.basketball\/en\/the-minnesota-timberwolves-and-lynx-are-no-longer-for-sale-the-official-statement\/","title":{"rendered":"The Minnesota Timberwolves and Lynx are no longer for sale: the official statement"},"content":{"rendered":"<div class=\"LayoutColumns_left__cyql0 Article_articleLeft__ZaW0y grow\">\n<div class=\"utility-font accent-primary-border mb-20 text-gray100 leading-relaxed text-2sm lg:ml-auto lg:text-xl ArticleContent_articleContent__fQIPK\">\n<div class=\"GutenbergParagraph_gutenbergParagraph__unejv mt-5 md:mt-7.5 text-base\" data-testid=\"paragraph\">\n<p>&#8220;Glen Taylor, Chairman of Taylor Sports Group, Inc., the general partner of Minnesota Timberwolves Basketball Limited Partnership (\u201cTimberwolves and Lynx\u201d), this morning confirmed the expiration of the option of <a href=\"https:\/\/sportando.basketball\/en\/carlyle-group-withdraws-from-timberwolves-deal-as-deadline-approaches\/\">Marc Lore and Alex Rodriguez<\/a> to acquire controlling interest in the Timberwolves and Lynx.<\/p>\n<\/div>\n<div class=\"GutenbergParagraph_gutenbergParagraph__unejv mt-5 md:mt-7.5 text-base\" data-testid=\"paragraph\">\n<p>Under terms of the purchase agreement, the closing was required to occur within 90 days following the exercise notice issued by Lore and Rodriguez. That 90-day period expired on March 27, 2024.<\/p>\n<\/div>\n<div class=\"GutenbergParagraph_gutenbergParagraph__unejv mt-5 md:mt-7.5 text-base\" data-testid=\"paragraph\">\n<p>Under certain circumstances, the buyer could have been entitled to a limited extension. However, those circumstances did not occur.<\/p>\n<\/div>\n<div class=\"GutenbergParagraph_gutenbergParagraph__unejv mt-5 md:mt-7.5 text-base\" data-testid=\"paragraph\">\n<p>\u201cI will continue to work with Marc, Alex and the rest of the ownership group to ensure our teams have the necessary resources to compete at the highest levels on and off the court,\u201d said Taylor. \u201cThe Timberwolves and Lynx are no longer for sale&#8221;.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minnesota Timberwolves and Lynx of WNBA are non longer for sale: this is the official statement.<\/p>\n","protected":false},"author":174,"featured_media":371773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_spbk_hide_featured":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[399],"tags":[],"rumors":[],"typology":[],"posizionamento":[],"class_list":["post-380490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/sportando.basketball\/wp-content\/uploads\/sites\/5\/2024\/02\/Minnesota-Timberwolves.jpg","_links":{"self":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/380490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/comments?post=380490"}],"version-history":[{"count":0,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/380490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media\/371773"}],"wp:attachment":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media?parent=380490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/categories?post=380490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/tags?post=380490"},{"taxonomy":"rumors","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/rumors?post=380490"},{"taxonomy":"typology","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/typology?post=380490"},{"taxonomy":"posizionamento","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posizionamento?post=380490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}