Minnesota Timberwolves and Lynx ownership group, led by Marc Lore and Alex Rodriguez, have had their option to acquire control of the team extended for an additional 90 days. The arbitral panel made this decision in a 2-1 ruling, allowing Lore and Rodriguez to continue pursuing NBA approval. Glen Taylor, Chairman of Taylor Sports Group, expressed disappointment with the outcome, but thanked Timberwolves and Lynx players, staff, and fans for their support as he reviews the decision.
Source: https://www.nba.com/timberwolves/news/statement-on-minnesota-timberwolves-and-lynx-arbitration-ruling