The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves seems to finally be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel’s ruling that he must go forward with the $1.

After a dispute that lasted more than a year, ownership of the NBA's Minnesota Timberwolves and WNBA's Lynx has now been settled. Glen Taylor has agreed to transfer complete ownership of the teams to the group led by Marc Lore and former MLB star Alex Rodriguez,

The drawn-out drama surrounding the sale of the Minnesota Timberwolves is finally over. More than a year after Glen Taylor tried to retain majority control of the franchise by canceling its $1.5 billion sale to Marc Lore and Alex Rodriguez,

Marc Lore and Alex Rodriguez have proved to be good (or at least fortunate) business minds by agreeing to purchase the Timberwolves and Lynx for $1.5 billion four years ago and watching the valuation more than double before the sale is even complete.

Marc Lore and Alex Rodriguez have agreed to finalize the purchase of the Minnesota Timberwolves from Glen Taylor, according to Shams Charania of ESPN. The final stages of negotiations between Taylor and the incumbent Timberwolves ownership have been long-held up,

Glen Taylor will not appeal an arbitration board's decision and will proceed with transferring ownership of the Minnesota Timberwolves and Lynx to Marc Lore and Alex Rodriguez.

Glen Taylor is ceding control of the Minnesota Timberwolves and Lynx to partners Marc Lore and Alex Rodriguez.