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Post by quinn on Mar 28, 2024 22:24:03 GMT -6
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Post by Nick K on Mar 28, 2024 23:38:41 GMT -6
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Post by Nick K on Mar 28, 2024 23:39:30 GMT -6
Thanks Quinn for this post. It's revealing for sure.
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Post by jojo on Mar 29, 2024 2:29:18 GMT -6
Implies ARod was more of a driver than Lore which I’m not sure I buy. But drives home that this is Glen’s doing that he got cold feet when he saw how much the team was worth compared to the selling price. He’s a snake but that’s how he got to be a billionaire.
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Post by XRaySpecs on Mar 29, 2024 7:51:57 GMT -6
So Lore let ARod captain the ship...and crash it into the pier? That makes him look better? Maybe Lore has shifted his focus onto his latest startup. Seems utterly stupid though to just 100% ignore your stake in a team where you're poised to reap a huge financial gain the second you finalize the purchase. The league has preapproved capital partners that ARod eventually utilized after his initial plans fell through so Lore never had to put in more money. All Lore needed to do was make sure ARod got his stuff together. If your interests are elsewhere, hire a team to work with ARod and finalize things on your behalf. Even if ARod is incompetent, I'm supposed to believe Lore is some saavy businessman for letting this happen? It's an awful look all around.
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Post by cory on Mar 29, 2024 8:11:43 GMT -6
So Lore let ARod captain the ship...and crash it into the pier? That makes him look better? Maybe Lore has shifted his focus onto his latest startup. Seems utterly stupid though to just 100% ignore your stake in a team where you're poised to reap a huge financial gain the second you finalize the purchase. The league has preapproved capital partners that ARod eventually utilized after his initial plans fell through so Lore never had to put in more money. All Lore needed to do was make sure ARod got his stuff together. If your interests are elsewhere, hire a team to work with ARod and finalize things on your behalf. Even if ARod is incompetent, I'm supposed to believe Lore is some saavy businessman for letting this happen? It's an awful look all around. It was definitely not smart to not lock this down sooner on ARod's part but it all comes down to the question of is submitting financial paperwork to the league offices for review in advance of the deadline enough for the courts to say they satisfied their obligations to Glen. Since this is a league operation and the other owners have to approve the finance plan and ownership transfer, I don't know how a judge could say they didn't fulfill the obligation. You wouldn't transfer funds until you have the approval right? Truly a case of Glen just turning his back on the deal and trying to sabotage it. Kyle Thiege and Phil Mackey had some great conversation on it and Kyle raised an amazing point that scares the hell out of me. Shams and Woj were nowhere near this info. Neither was Doogie. Everyone found out through a press release. This is 100% a Glen power move and everyone was in the dark. You can say he has that right, but he also is a complete buffoon on how to work in the NBA. The NBA is an exchange of information for play game all of the time. If this was a well thought out process, you leak to someone ahead to gain some favor and they then scratch your back later with info you need. Glen is 82 and even as a 60 year old was over his head. The guy admitted to illegally signing Joe Smith and has put his foot in his mouth so many times that he's a just a joke of an owner. The guy saying I have turned things around and want to be part of it is the same old geezer saying I didn't even know who Tim Connelly is when he was hired. Glen Taylor is a f---ing joke and every player and fan deserves to get off his ego driven ride of imbecile ownership decisions. F--- this guy.
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Post by cory on Mar 29, 2024 8:34:21 GMT -6
I would put some odds that we will be hearing a lot more from Tim Connelly in the coming months. Horrible situation to be put in but the job at this point is to be the shield for Finch and the players. Glen is such a mother f---er.
I do agree with Phil and Judd, it's a shame that the Wilf's were never a player for the Wolves. We could just have a basketball team instead of this nonsense. Maybe it still happens. Build an arena near the Vikings practice facility, turn it into the sports facility complex the real estate moguls dreamed of before the downtown football stadium.
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Post by XRaySpecs on Mar 29, 2024 9:18:47 GMT -6
I would put some odds that we will be hearing a lot more from Tim Connelly in the coming months. Horrible situation to be put in but the job at this point is to be the shield for Finch and the players. Glen is such a mother f---er. I do agree with Phil and Judd, it's a shame that the Wilf's were never a player for the Wolves. We could just have a basketball team instead of this nonsense. Maybe it still happens. Build an arena near the Vikings practice facility, turn it into the sports facility complex the real estate moguls dreamed of before the downtown football stadium. It really is too bad the Wilf's didn't show interest. All they would have had to do was tell Glen they were keeping the team in MN and they would have said the magic words. They'd have closed the deal and netted the $1B plus in appreciation of the team.
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Post by XRaySpecs on Mar 29, 2024 9:27:15 GMT -6
Since this is a league operation and the other owners have to approve the finance plan and ownership transfer, I don't know how a judge could say they didn't fulfill the obligation. You wouldn't transfer funds until you have the approval right? Truly a case of Glen just turning his back on the deal and trying to sabotage it. This gets at what I was saying that this was the plan all along. He was just waiting like a snake in the grass to strike. Glen's contention seems to be that since the deal isn't wrapped up with the league and the money transferred that it's not complete and was voidable. The schedule of governor meetings isn't some unknown though. Not sure when they last met, but if Glen is using this line of thinking then by that logic, the sale would have to have been completed at the last meeting or an emergency meeting called. Instead Glen waited knowing that the meeting wasn't until after the deadline knowing he could use that as his mechanism to void the deal. At least it seems like that was the logic and intent. What a snake.
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Post by XRaySpecs on Mar 29, 2024 9:29:14 GMT -6
Another thing that Mackey and Thiege talked about was how it's just a bad reflection on the Wolves in relation to narrative. If the Wolves weren't good, it would be just another window for people to start the "Ant needs to leave MN" talk.
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Post by Nick K on Mar 29, 2024 10:00:57 GMT -6
Implies ARod was more of a driver than Lore which I’m not sure I buy. But drives home that this is Glen’s doing that he got cold feet when he saw how much the team was worth compared to the selling price. He’s a snake but that’s how he got to be a billionaire. I never thought I'd say it but Taylor IS a snake for sure. I hope he loses in arbitration and then LO/rod find a way to buy him out.
What respect I've had for him is gone. I don't think Taylor has a clue how bad this makes him look. He probably doesn't care....but he should.
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Post by jojo on Mar 29, 2024 10:06:19 GMT -6
Bowling seems to think they can still make this work. A-Lore need to get some leverage through the arbitration process. If Glen thinks he might lose he could be ready to deal. A-Lore might have to concede that they were making out like bandits on this deal and relent some. Maybe a compromise is that A-Lore acquires enough to equal Glens stake and they act as co-owners. Glen gets to keep his seat at the owners table and A-Lore get to run BBall operations and pursue a new stadium. A-Lore would have to agree to a higher price for their remaining stake. And maybe they can set a price for a future buyout of Glen. Don’t know if they can work together after this but they have to anyway since they are 40% coowners.
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Post by Nick K on Mar 29, 2024 10:09:14 GMT -6
Bowling seems to think they can still make this work. A-Lore need to get some leverage through the arbitration process. If Glen thinks he might lose he could be ready to deal. A-Lore might have to concede that they were making out like bandits on this deal and relent some. Maybe a compromise is that A-Lore acquires enough to equal Glens stake and they act as co-owners. Glen gets to keep his seat at the owners table and A-Lore get to run BBall operations and pursue a new stadium. A-Lore would have to agree to a higher price for their remaining stake. And maybe they can set a price for a future buyout of Glen. Don’t know if they can work together after this but they have to anyway since they are 40% coowners. Good idea on the surface but co-owners just won't work. Especially now after this stunt.
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Post by Nick K on Mar 29, 2024 10:44:10 GMT -6
Maybe there is an automatic extension for league approval? Look at section 6.4 specifically.
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Post by cory on Mar 29, 2024 11:27:38 GMT -6
Another thing that Mackey and Thiege talked about was how it's just a bad reflection on the Wolves in relation to narrative. If the Wolves weren't good, it would be just another window for people to start the "Ant needs to leave MN" talk. That's what is really depressing. The vibes haven't changed simply because of Ant. Players talk. While I'm sure KG isn't the most beloved retired player, he's probably deeply respected by the last and current generation of stars. His voice matters. This franchise will always have warts on it with Glen Taylor as the owner. That will not change. If he were to try to lengthen this out until he's what, 85, 90 years old, things will go down the drain just like they did for much of his 35 years owning the franchise because the players will talk. One of the most compelling things against Lore and ARod is they likely aren't cash rich. Sure, I agree. But there's no guarantee Glen is signing up to pay a tax either. We are not in a good spot by any means. But I would trust that Lore as overall owner would have the business partnerships to figure out a way to make things work for the better. I have no confidence in Glen and I doubt players would too. Maybe that's striking a partnership with the Wilf's rather than an outright sale and giving them even more valuable property. There are ways to do things. While I'd love to see a rebuilt Target Center on the same grounds, I don't know if that's practical without a boat load of public funds and I doubt the city of Minneapolis is up for that. They also can't afford to let it walk away either. I'm less concerned with a stadium with Lore and ARod at the end of the day.
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Post by XRaySpecs on Mar 29, 2024 12:14:21 GMT -6
If it really is the status quo with LoRod owning 36%, how would it impact operating budget? Glen would still be the decision maker, but what would happen if the payroll + tax is more than revenue? People keep saying that Glen has been writing the checks, but that's figurative as the Wolves have been operating at a profit as far as I understand. Glen isn't writing checks out of his account with the Wolves in the red (again, as far as I know the Wolves have been profitable for awhile now). How would it work though if they actually had to pay in to cover the tax? Would LoRod have to cover 36% of any shortfall? Seems like it's going to be an awkward.
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Post by jojo on Mar 29, 2024 13:47:22 GMT -6
I doubt there is a shortfall, especially since they are not a tax team until next year. That’s a big deal if Glen doesn’t want to pay much luxury tax - and you know he won’t. If Glen prevails KAT being unloaded is a done deal. Which isn’t necessarily a bad thing, but it would probably poison his relationship with players and maybe FO.
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Post by XRaySpecs on Mar 29, 2024 14:01:09 GMT -6
I doubt there is a shortfall, especially since they are not a tax team until next year. That’s a big deal if Glen doesn’t want to pay much luxury tax - and you know he won’t. If Glen prevails KAT being unloaded is a done deal. Which isn’t necessarily a bad thing, but it would probably poison his relationship with players and maybe FO. I was bringing it up in reference to next season. Glen has shown in the past that he would pay the tax. He did when KG was here I think and more recently there was a season when DLo was here where the Wolves were slightly in the tax. As you suggested though we don't know how much Glen would pay in tax. Even though we know more about Glen paying the tax that we do about LoRod, we don't know how much.
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Post by kingsxman on Mar 29, 2024 14:45:27 GMT -6
Implies ARod was more of a driver than Lore which I’m not sure I buy. But drives home that this is Glen’s doing that he got cold feet when he saw how much the team was worth compared to the selling price. He’s a snake but that’s how he got to be a billionaire. I never thought I'd say it but Taylor IS a snake for sure. I hope he loses in arbitration and then LO/rod find a way to buy him out.
What respect I've had for him is gone. I don't think Taylor has a clue how bad this makes him look. He probably doesn't care....but he should.
I hope he gets boo'd when he walks into the arena next time. but that would be just our luck: he says "oh..ok...you dont like me..fine. I'll sell the team to someone who'll move them to St. Luis. (They arent moving to Las Vegas or Seattle).
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Post by araxen on Mar 29, 2024 14:46:24 GMT -6
This makes it seem like Glen has messed up and not Lore/Alex. Who knows really. This is what the arbitration is for.
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Post by kingsxman on Mar 29, 2024 14:50:22 GMT -6
I doubt there is a shortfall, especially since they are not a tax team until next year. That’s a big deal if Glen doesn’t want to pay much luxury tax - and you know he won’t. If Glen prevails KAT being unloaded is a done deal. Which isn’t necessarily a bad thing, but it would probably poison his relationship with players and maybe FO. I was bringing it up in reference to next season. Glen has shown in the past that he would pay the tax. He did when KG was here I think and more recently there was a season when DLo was here where the Wolves were slightly in the tax. As you suggested though we don't know how much Glen would pay in tax. Even though we know more about Glen paying the tax that we do about LoRod, we don't know how much. As much of a snake as Glen is, i have no doubts he'll pay the tax. He's more cash rich than LoRod and I think he wants to win just as much. He's shown in the past tha the'll spend money if the team is good. What he never showed until recently was that he was willing to spend money on the "non court" things like GM's and extra front office personnel.
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Post by tmirvin on Mar 29, 2024 15:11:57 GMT -6
So Lore let ARod captain the ship...and crash it into the pier? That makes him look better? Maybe Lore has shifted his focus onto his latest startup. Seems utterly stupid though to just 100% ignore your stake in a team where you're poised to reap a huge financial gain the second you finalize the purchase. The league has preapproved capital partners that ARod eventually utilized after his initial plans fell through so Lore never had to put in more money. All Lore needed to do was make sure ARod got his stuff together. If your interests are elsewhere, hire a team to work with ARod and finalize things on your behalf. Even if ARod is incompetent, I'm supposed to believe Lore is some saavy businessman for letting this happen? It's an awful look all around. It was definitely not smart to not lock this down sooner on ARod's part but it all comes down to the question of is submitting financial paperwork to the league offices for review in advance of the deadline enough for the courts to say they satisfied their obligations to Glen. Since this is a league operation and the other owners have to approve the finance plan and ownership transfer, I don't know how a judge could say they didn't fulfill the obligation. You wouldn't transfer funds until you have the approval right? Truly a case of Glen just turning his back on the deal and trying to sabotage it. Kyle Thiege and Phil Mackey had some great conversation on it and Kyle raised an amazing point that scares the hell out of me. Shams and Woj were nowhere near this info. Neither was Doogie. Everyone found out through a press release. This is 100% a Glen power move and everyone was in the dark. You can say he has that right, but he also is a complete buffoon on how to work in the NBA. The NBA is an exchange of information for play game all of the time. If this was a well thought out process, you leak to someone ahead to gain some favor and they then scratch your back later with info you need. Glen is 82 and even as a 60 year old was over his head. The guy admitted to illegally signing Joe Smith and has put his foot in his mouth so many times that he's a just a joke of an owner. The guy saying I have turned things around and want to be part of it is the same old geezer saying I didn't even know who Tim Connelly is when he was hired. Glen Taylor is a f---ing joke and every player and fan deserves to get off his ego driven ride of imbecile ownership decisions. F--- this guy. Cory, I like this post very much. I've been a fan of the wolves since day 1 (I was in late elementary school when they had their inaugural season) and while glen kept the wolves in MN, he's been one of the worst owners in all of sports. One commonality between most rich people is the concentrate on the things they're good at and surround themselves with really smart people the cover the areas they are good at and glen has never done that. He's always hired family members, former players or former players with ties to Minnesota. I wonder if someone will protest him during the upcoming playoffs? Hopefully it's fans asking him to sell the team!
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Post by XRaySpecs on Mar 29, 2024 16:08:57 GMT -6
Sounds like LoRod thinks they have the right of this.
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Post by XRaySpecs on Mar 29, 2024 16:37:32 GMT -6
Listening to the new Dane Moore pod with Lore and ARod on...OMG...FIRE!!! Wow.
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Post by XRaySpecs on Mar 29, 2024 16:57:08 GMT -6
Apparently Taylor sent a memo to the Wolves employees, players etc. telling them not to talk with Lore and ARod (who own nearly 40% of the team) and froze them out of the owner's suite.
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