With an arbitration hearing approaching, potential Timberwolves owners Marc Lore and Alex Rodriguez have deposited a substantial amount of $942 million into an escrow account, as reported by Eben Novy-Williams of Sportico and Shams Charania of ESPN.
According to Novy-Williams, the primary objective for Lore and Rodriguez is to demonstrate that they possess adequate liquidity to finalize their purchase of both the Minnesota Timberwolves and the WNBA’s Minnesota Lynx, should the arbitration panel rule in their favor.
Continue reading Lore and Rodriguez deposit $942M for Timberwolves purchase at TalkBasket.net.
