Timberwolves owner not selling stake to Alex Rodriguez, Marc Lore

Timberwolves owner Glen Taylor is no longer selling his controlling stake, saying minority owners Marc Lore and Alex Rodriguez didn't meet contractual deadlines.

owner Glen Taylor is no longer selling his controlling stake in the franchise to minority owners Marc Lore and Alex Rodriguez, he announced Thursday.

Minnesota is having its best season in years, and is just a half game out of first place in the Western Conference. "We are disappointed with Glen Taylor's public statement today," Lore and Rodriguez said in the statement."We have fulfilled our obligations, have all necessary funding and are fully committed to closing our purchase of the team as soon as the NBA completes its approval process.

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