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Post by langcow on Apr 22, 2024 2:32:21 GMT -6
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Post by levine on Apr 22, 2024 12:50:03 GMT -6
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Post by kingsxman on Apr 22, 2024 13:59:52 GMT -6
I wasnt aware btw that Rudy got voted "most overrated". I would hope the whole team would take offense to that and try to prove everyone wrong for Rudy's sake. I had heard this before but never thought it was true until he's on your team: you will never know how valuable Rudy is until he's on your team and you see all the little things he does that have no stats. Like the "Neverminds, etc".
Hell, "I'm" offended that he got most overrated!
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Post by quinn on Apr 22, 2024 14:39:09 GMT -6
I wasnt aware btw that Rudy got voted "most overrated". I would hope the whole team would take offense to that and try to prove everyone wrong for Rudy's sake. I had heard this before but never thought it was true until he's on your team: you will never know how valuable Rudy is until he's on your team and you see all the little things he does that have no stats. Like the "Neverminds, etc". Hell, "I'm" offended that he got most overrated! I saw someone say they'd love to hear all those players who called him overrated say that when they drive in and see him in the paint and pass up the shot.
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Post by Nick K on Apr 23, 2024 7:25:31 GMT -6
Adrian Wojnarowski, ESPNApr 22, 2024, 10:42 PM ET
The Minnesota Timberwolves' ownership dispute between majority owner Glen Taylor and the Marc Lore and Alex Rodriguez group will advance to a mediation session on May 1 in Minneapolis, sources told ESPN on Monday. ----------------------------
Let's get this thing over as fast as possible for everyone's sake. I think LO/Rod have the edge.
Glen really had nothing to lose by doing this except his reputation to some. At this point I don't think he really cares.
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Post by XRaySpecs on Apr 23, 2024 7:49:31 GMT -6
Adrian Wojnarowski, ESPNApr 22, 2024, 10:42 PM ET The Minnesota Timberwolves' ownership dispute between majority owner Glen Taylor and the Marc Lore and Alex Rodriguez group will advance to a mediation session on May 1 in Minneapolis, sources told ESPN on Monday. ---------------------------- Let's get this thing over as fast as possible for everyone's sake. I think LO/Rod have the edge. Glen really had nothing to lose by doing this except his reputation to some. At this point I don't think he really cares. I guess I'm not holding my breath that mediation is going to resolve this. As I understand, mediation is non-binding and the 2 parties have to come to a decision. How would that work in this case? Take just the possible angle that Glen doesn't like the low price of the team. Why mediate that? Why try to negotiate more money from LoRod when Glen can just put it up for sale to get price competition (if he's in the right contractually). If it's about the control aspect of decisions, how does mediation fix that one party has to have control? Mediation seems like it's going to be like the airing of grievances from Seinfeld where both sides will talk a lot about the things the other has done wrong. In the end though, I'm guessing that someone else will have to decide who is correct here (Arbitration). The interpretation of the contract will decide who is in the right here and it would seem that whoever is right would have no reason to give anything to the other side other than what's in the contract.
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Post by levine on Apr 23, 2024 10:33:11 GMT -6
Full story: The Inside Story Of How Glen Taylor Sabotaged The Timberwolves SaleAlex Rodriguez and Marc Lore agreed to one of the NBA's most unique purchase agreements. But new information indicates Timberwolves owner Glen Taylor never intended to see it through.JOE POMPLIANO APR 23, 2024huddleup.substack.com/p/the-inside-story-of-how-glen-taylor
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Post by Nick K on Apr 23, 2024 10:58:37 GMT -6
Adrian Wojnarowski, ESPNApr 22, 2024, 10:42 PM ET The Minnesota Timberwolves' ownership dispute between majority owner Glen Taylor and the Marc Lore and Alex Rodriguez group will advance to a mediation session on May 1 in Minneapolis, sources told ESPN on Monday. ---------------------------- Let's get this thing over as fast as possible for everyone's sake. I think LO/Rod have the edge. Glen really had nothing to lose by doing this except his reputation to some. At this point I don't think he really cares. I guess I'm not holding my breath that mediation is going to resolve this. As I understand, mediation is non-binding and the 2 parties have to come to a decision. How would that work in this case? Take just the possible angle that Glen doesn't like the low price of the team. Why mediate that? Why try to negotiate more money from LoRod when Glen can just put it up for sale to get price competition (if he's in the right contractually). If it's about the control aspect of decisions, how does mediation fix that one party has to have control? Mediation seems like it's going to be like the airing of grievances from Seinfeld where both sides will talk a lot about the things the other has done wrong. In the end though, I'm guessing that someone else will have to decide who is correct here (Arbitration). The interpretation of the contract will decide who is in the right here and it would seem that whoever is right would have no reason to give anything to the other side other than what's in the contract. My impression is it was binding arbitration but I could be wrong.
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Post by levine on Apr 23, 2024 11:07:18 GMT -6
I guess I'm not holding my breath that mediation is going to resolve this. As I understand, mediation is non-binding and the 2 parties have to come to a decision. How would that work in this case? Take just the possible angle that Glen doesn't like the low price of the team. Why mediate that? Why try to negotiate more money from LoRod when Glen can just put it up for sale to get price competition (if he's in the right contractually). If it's about the control aspect of decisions, how does mediation fix that one party has to have control? Mediation seems like it's going to be like the airing of grievances from Seinfeld where both sides will talk a lot about the things the other has done wrong. In the end though, I'm guessing that someone else will have to decide who is correct here (Arbitration). The interpretation of the contract will decide who is in the right here and it would seem that whoever is right would have no reason to give anything to the other side other than what's in the contract. My impression is it was binding arbitration but I could be wrong. Afraid not. First, the argument will be heard privately by a mediator. Then, if that doesn’t work, it will head to a three-person arbitration committee, with one person picked by Taylor, another picked by Rodriguez and Lore, and the third mutually agreed upon by the other two.
If that doesn’t solve the issue, then the argument will go to court.
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Post by Nick K on Apr 23, 2024 11:23:39 GMT -6
My impression is it was binding arbitration but I could be wrong. Afraid not. First, the argument will be heard privately by a mediator. Then, if that doesn’t work, it will head to a three-person arbitration committee, with one person picked by Taylor, another picked by Rodriguez and Lore, and the third mutually agreed upon by the other two.
If that doesn’t solve the issue, then the argument will go to court. That sucks. The sooner they get through this the better for everybody, except Taylor.
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Post by quinn on Apr 23, 2024 11:34:00 GMT -6
Full story: The Inside Story Of How Glen Taylor Sabotaged The Timberwolves SaleAlex Rodriguez and Marc Lore agreed to one of the NBA's most unique purchase agreements. But new information indicates Timberwolves owner Glen Taylor never intended to see it through.JOE POMPLIANO APR 23, 2024huddleup.substack.com/p/the-inside-story-of-how-glen-taylorWow. Just wow. First of all, that was a fantastic breakdown on everything public and private that has gone into this sale. Joe explained a complex sale process in simple terms which made it very digestable. Secondly, Glen Taylor seems like the biggest scumbag. What an absolute snake. Not only is he skimping Lo-Rod on this process, but he's also skimping all of his limited partners. The blurb about how he quietly bought an extra 3% of the team just to stay above Lo-Rod's 36% ownership is just perfect Glen. At this point, I don't believe for one second that he was ever going to sell the team. He wanted an influx of cash and fresh opinions to help get this team somewhere it hasn't been since KG was around. KG was right, Glen is absolutely a snake. I'm on team Lo-Rod at this point. Lore's never been sued or sued anyone, which goes to show you the kind of person he is, especially in a business landscape full of Glen Taylors. Glen has all the history in the world detailing how shady of a person he is to do business with. The more information that comes out about this, the more I believe Glen just had ill intentions and didn't want to sell. We've seen it before too. What an ugly, ugly mess.
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Post by kingsxman on Apr 23, 2024 12:15:46 GMT -6
Full story: The Inside Story Of How Glen Taylor Sabotaged The Timberwolves SaleAlex Rodriguez and Marc Lore agreed to one of the NBA's most unique purchase agreements. But new information indicates Timberwolves owner Glen Taylor never intended to see it through.JOE POMPLIANO APR 23, 2024huddleup.substack.com/p/the-inside-story-of-how-glen-taylorThank you. Wow is right. I will say that the author seems to have a bent against Glen from the get go, but that could be based on all the data that he has collected that apparently points to Glen being a snake. It really is so Timberwolves that this happens. The most Timberwolves thing that could happen is Connelly leaves after this year because he wants a raise and Glen wont give it to him. (Although I do remember Glen saying that he thinks we have someone really good running the team now and maybe he has realized that a bit more investment at the top definitely is a multiplier on returns). If true.....Glen will deserve that his legacy in the state will be tarnished forever and he will go down as a greedy, dishonest snake. A far cry from the "handshake" southern Minnesota guy he claims to be. BTW, Apparently it should have been Wiggins and Lo-Rod that should have asked to "look Glen in the eye" when they made their deals.
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Post by XRaySpecs on Apr 23, 2024 13:34:49 GMT -6
I'm not a business guy and didn't really understand what Lore meant when he would refer to paying a premium during his interview with Dane Moore. The article explained why that premium is a big deal in a way that I now understand it.
Who knows who is right, but regardless of if Glen wins on a technicality or not, he's a slimeball. He knew he didn't want to sell the team a long time before the deadline. He knew that he had them paying at the premium price, but he waited for any chance to renege.
I guess Lore and Arod just should have anticipated that snakes slither and gotten things squared away sooner (even if they weren't obligated to do so.
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Post by Deleted on Apr 23, 2024 13:39:49 GMT -6
There's only one way to solve this. Have both A-Rod and Glen sit court side together so when Ant banks in a three we can see who he dabs up.
But more importantly, through my conversations with sources, I’ve discovered that Taylor's cancellation of the deal was more about cold feet than it was about Rodriguez and Lore not having the money.
Can't believe Joe Pompliano is taking sides. The part about the Timberwolves worst gm ever investing in medical equipment makes sense given he traded KG for Telfair, Gomes, Green, Jefferson, Ratliff. Didn't even get Rondo. In terms of meaningful information to how this plays out there's none.
What I would be interested in is, why did Lore and A-Rod target Carlye, who was not an approved private equity group, versus Dyal. Did Carlyle not know they had conflicting interests here? If they did, why they drop out so late, and those guys could have brought Dyal on earlier.
Anyway, good for Glen the old buzzard, still has some coal left in that sack. Whoever loses should be forced to apologize at halftime. One thing I wouldn't do if I was A-Rod is get cocky, walk around like he like he owns the place. Especially if it seems like (based on what we know so far) Glen is correct. He is such a tool though, this would be yet another spectacle/public embarrassment for this guy, on top of losing the love of his life to Ben Affleck of all people. My advice would be "Quiet Dogs Bite Hard - Mos Def." Unrelated, I might be one of the reasons why he changed his name to Yasiin Bey but that content's too fire even for Wolves Blog.
We should all be prepared for more people gluing themselves to the floor in honor of Lore, and then magically unglued.
Also lawyers making a strong case for AI, this should take ten minutes to decipher. Cutting back on how they can milk time would benefit everyone. I would pay more for someone to put together a McDonalds cheeseburger, than take the time they will take to conclude this. It's completely made up.
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Post by levine on Apr 23, 2024 13:42:20 GMT -6
Especially if it seems like (based on what we know so far) Glen is correct It does??
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Post by XRaySpecs on Apr 23, 2024 13:43:33 GMT -6
The one thing that still doesn't make sense to me is the timeline. Now it's coming out that it was Taylor who wanted the 2 year thing. OK, but were there provisons to block prepayment? LoRod has said they would have paid up front. OK, why not then pay early on each tranche? They're saying they had the funding even back to the beginning so then why not do it as early as possibly allowed at each window? Especially this last tranche that would have made them majority owners? Sure, they were following the deadlines of the contract, but if I had things lined up and could get the keys to my new car sooner, why not get it done? I guess my point is that while I think Glen is a snake, I would have pushing to finalize my majority stake ASAP so that I could play with my new toy.
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Post by levine on Apr 23, 2024 13:44:40 GMT -6
What I would be interested in is, why did Lore and A-Rod target Carlye, who was not an approved private equity group, versus Dyal. Did Carlyle not know they had conflicting interests here? If they did, why they drop out so late, and those guys could have brought Dyal on earlier. Literally right in the story. Carlye was going to be cheaper. They were going to see if they could get Carlye through, and if not, they already had Dyal secured as a contingency.
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Post by levine on Apr 23, 2024 13:46:25 GMT -6
The one thing that still doesn't make sense to me is the timeline. Now it's coming out that it was Taylor who wanted the 2 year thing. OK, but were there provisons to block prepayment? LoRod has said they would have paid up front. OK, why not then pay early on each tranche? They're saying they had the funding even back to the beginning so then why not do it as early as possibly allowed? Especially this last tranche that would have made them majority owners. Sure, they were following the deadlines of the contract, but if I had things line up and could get the keys to my new car sooner, why not get it done? I guess my point is that while I think Glen is a snake, I would have pushing to finalize my majority stake ASAP so that I could play with my new toy. Because rich people never pay early. They're always trying to maximize every dollar. If they actually hit every deadline, there should be no problem. If they didn't, they need to fire (and potentially sue) their lawyers.
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Post by Deleted on Apr 23, 2024 13:47:26 GMT -6
Literally right in the story. So Carlyle didn't know they had conflicting interests they would have to divest or Alex and Lore didn't?
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Post by Deleted on Apr 23, 2024 13:52:30 GMT -6
Especially if it seems like (based on what we know so far) Glen is correct It does?? Yes.
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Post by XRaySpecs on Apr 23, 2024 13:55:20 GMT -6
The one thing that still doesn't make sense to me is the timeline. Now it's coming out that it was Taylor who wanted the 2 year thing. OK, but were there provisons to block prepayment? LoRod has said they would have paid up front. OK, why not then pay early on each tranche? They're saying they had the funding even back to the beginning so then why not do it as early as possibly allowed? Especially this last tranche that would have made them majority owners. Sure, they were following the deadlines of the contract, but if I had things line up and could get the keys to my new car sooner, why not get it done? I guess my point is that while I think Glen is a snake, I would have pushing to finalize my majority stake ASAP so that I could play with my new toy. Because rich people never pay early. They're always trying to maximize every dollar. If they actually hit every deadline, there should be no problem. If they didn't, they need to fire (and potentially sue) their lawyers. I agree that it's not financially advantageous to pay early going from 20 to 40 percent, but this last round where you become the controlling partner is fundamentally different as the timing changes your position. You're not paying early if the payment actually gets you something you don't have. Or, better stated, the prepayment actually gives you something of benefit.
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Post by Deleted on Apr 23, 2024 13:59:11 GMT -6
I want 60 minutes to do a sit down with A-Rod on how he's going to fund the new arena he said will be privately funded.
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Post by levine on Apr 23, 2024 14:06:13 GMT -6
Literally right in the story. So Carlyle didn't know they had conflicting interests they would have to divest or Alex and Lore didn't? Maybe the NBA had a different idea of conflict than Carlye?
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Post by levine on Apr 23, 2024 14:08:20 GMT -6
Where? On a scrap of ancient stationary, written by Glen, with a quill dipped in lasagne sauce?
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Post by Deleted on Apr 23, 2024 14:18:39 GMT -6
Here's the other thing that's funny, for all the talk about keeping this behind the scenes Alex and Marc claimed they wanted to do, they have done the complete opposite every step of the way.
If they were confident in their position there wouldn't need to be this dick wagging contest for fans. And no one has tried to make this more about himself than A-Rod.
Marc at least has kind of that resting rich guy blank face, generally pleasant, but there's nothing there in terms of human interaction. At this point I could be a lawyer at Wachtell if their plan is to just throw poop everywhere.
There are some big things they could pull PR wise, but why escalate, and it's not going to impact the outcome. All it really does is activate The Horde in a pernicious manner. It's my personal belief they will eat their own offspring if further mislead.
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