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.

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.

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

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.

Alex Rodriguez and Marc Lore won their arbitration battle with Glen Taylor for majority ownership of the franchise on Monday.

A dispute over a final payment for the sale of the Minnesota Timberwolves and Lynx between longtime owner Glen Taylor and Alex Rodriguez and Marc Lore has come to a resolution, with the latter two investors saying an arbitration ruling has sided with them.