Wolves Notes: Sale, Conley, Gobert, Edwards

There may be a new snag in the sale of the Timberwolves with the deadline a little more than a week away, according to Minnesota sports reporter David Shama. Appearing Monday on Shama’s Sports Headliners show, current owner Glen Taylor shared news about a financing challenge facing buyers Marc Lore and Alex Rodriguez.

“They had an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them,” Taylor said.  “They have to go out and find new revenue. That I do know. I don’t know if they found it or what they’re going to do. We haven’t seen the schedule of ownership yet.”

Since 2021, Lore and Rodriguez have been involved in a multi-phase payment plan to purchase the team for $1.5 billion. Their final payment, which is due March 27, will give them majority control of the team, with Taylor keeping a minority stake. Next Wednesday’s deadline is already an extension of a previous date, and Taylor said about $600MM is due.

The NBA will have the final decision on whether to approve the sale even if Lore and Rodriguez make the payment on time. Shama suggests approval may be in question if league officials are skeptical that the new owners have enough money on hand to meet operating obligations.

There’s more from Minnesota:

• Veteran point guard Mike Conley provides a calming effect for the Wolves as they try to establish themselves as one of the NBA’s elite teams, writes Tony Jones of The Athletic. With nearly two decades in the NBA, Conley has been through the experience of being part of teams that fell short in the playoffs after a strong regular season. “I’ve been on really good teams that have been close but haven’t gotten quite to where we want to go,” he said. “And it’s been the little things here and there. So, we want to take advantage of our opportunity. We want to strike while it’s hot, but at the same time, we want to be grateful for the position we are in.”
• Rudy Gobert sat out again Monday with a sprained rib, but he’s hoping to return soon, tweets Chris Hine of The Star Tribune. “I just want to be able to make sure I can help the team when I’m back,” Gobert said. “Right now, the level of pain is getting better every day, but still not good enough for me to be able to be myself and help the team, which is never fun. Hopefully it’s just a matter of days.”
• Anthony Edwards thrilled his teammates, the Delta Center crowd and social media with one of the best dunks of the season (video link) on Monday at Utah, per Jon Krawczynski of The Athletic. Edwards dislocated the middle finger on his left hand on the play, but he was able to shoot a free throw after running to the locker room to get it popped back into place.