(AP) – The Minnesota Timberwolves ownership dispute is moving into mediation.
The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex Rodriguez has been scheduled for May 1, according to a person with knowledge of the situation.
The person spoke to The Associated Press on condition of anonymity because details were not being publicized.
Taylor announced March 28 he was halting the last phase of the $1.5 billion deal because Lore and Rodriguez did not meet the deadline for the final payment…that was to transfer an additional 40% stake of the club.
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