The arbitration panel deliberating over the sale of the Minnesota Timberwolves and Lynx has ruled in favor of Alex Rodriguez and Marc Lore, a significant step toward the duo completing their acquisition of the NBA and WNBA franchises.

After years of waiting a panel of arbitrators awarded the Minnesota Timberwolves organization to Marc Lore and Alex Rodriguez on Monday.

An arbitration ruling on Monday determined that Alex Rodriguez and Marc Lore should assume majority ownership of the Minnesota Timberwolves, replacing longtime owner Glen Taylor. The news was broken by ESPN reporter Shams Charania on Monday afternoon.

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.

Former MLB star Alex Rodriguez and Marc Lore now await a vote from the NBA's board of governors to become the Timberwolves majority owners.

An arbitration panel on Monday ruled 2-1 in favor of Alex Rodriguez and Marc Lore in their quest for a controlling ownership stake of the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx.

A vote on the sale of the team now heads to the other NBA owners. Will they approve it over the objection of the current 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.