A group led by entrepreneur Marc Lore and retired baseball star Alex Rodriguez had gone to battle with current owner Glen Taylor in arbitration.

Marc Lore and Alex Rodriguez have announced that arbitrators have ruled in favor of their claim to be the owners of the Minnesota Timberwolves and Lynx following a protracted tussle with current, longtime owner Glen Taylor.

The ownership transfer of the Minnesota Timberwolves must continue as planned, after an arbitration panel ruled Monday that controlling owner Glen Taylor must cede control of the club to partners Marc Lore and Alex Rodriguez in the disputed final phase.