Timberwolves owner Glen Taylor has filed legal documentation responding to a complaint filed recently by minority shareholder Meyer Orbach, writes Chris Hine of the Star Tribune. Orbach, who says he owns approximately 17% of the franchise, argued that his “tag-along rights” were violated, since he didn’t get the opportunity to cash out his stake in the team when the sale agreement with Alex Rodriguez and Marc Lore was finalized.
Taylor contends that Orbach is not entitled to be bought out at this point because Rodriguez and Lore won’t assume majority control of the Timberwolves for two more years. For now, the duo has only agreed to purchase 20% of the club — full majority control will be subject to further investment and further league approval over the next two years.
While the legal battle between Taylor and Orbach may ultimately have little to no impact on Timberwolves fans, Dane Moore of Blue Wire Podcasts (Twitter link) points to an Instagram comment that made be of more interest to fans in Minnesota.
As Moore writes, Rodriguez replied to a comment asking him to keep the Timberwolves in Minnesota by replying, “We will!” There has been speculation that the new ownership group might want to relocate the franchise, but A-Rod’s first public statement on the topic suggests that’s not the plan.
Here’s more from around the Northwest: