Marc Lore Believes Wolves Negotiations “Close To Finish Line”

As we detailed on Tuesday, the exclusive 30-day negotiating window that Timberwolves owner Glen Taylor and a group led by Alex Rodriguez and Marc Lore entered into last month expired this week, but the two sides reportedly continue to negotiate in good faith.

Speaking to Matthew Boyle of Bloomberg, Lore confirmed that point and expressed optimism that a deal will get done. According to Boyle, Lore said that talks with Taylor are “going well” and that he thinks they’re “getting close to the finish line.”

While Lore’s comments don’t provide any guarantees, they’re an encouraging sign, given that Taylor has entered into exclusive negotiating windows with potential suitors for the team in the past and has never completed a deal.

Taylor appears to have gotten much further down the road with Lore and Rodriguez than with those previous bidders. The two sides have already agreed on some key points, including a valuation in the $1.5 billion range for the franchise, and a plan to have Lore and A-Rod come aboard as limited partners before they eventually assume majority control.

Still, with the exclusivity window closed and no deal officially done, there’s an opening for other interested parties to get in touch with Taylor and attempt to gain some traction in discussions of their own. Marc Stein of The New York Times reports (via Twitter) that former NBA wing Arron Afflalo, who is heading up one potential ownership group, intends to resume his efforts to buy the team. It remains to be seen if those talks or others will go anywhere.

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