The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves seems to finally be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel’s ruling that he must go forward with the $1.

Minnesota Timberwolves and Lynx owner Glen Taylor will not appeal an arbitration ruling that did not go in his favor, a person with knowledge of Taylor’s decision confirmed to USA TODAY Sports. The person requested anonymity because they were not authorized to speak publicly about Taylor's plans.

Basketball icon Magic Johnson congratulates Alex Rodriguez and Marc Lore on becoming sole owners of the Minnesota Timberwolves.

Timberwolves owner Glen Taylor has greenlit the ownership transfer of the team. FOX 9's Babs Santos has the latest.

All that appears to be left is final approval by the NBA’s board of governors, which is the last step before any sale of a team can be completed.

After three decades under the rule of owner Glen Taylor, the transition process is officially taking place with Taylor now expected to complete the sale.

After years long battle, Glen Taylor and Marc Lore-Alex Rodriguez have agreed to complete full ownership to Lore-Rodriguez, sources tell ESPN. Taylor will not appeal Minnesota arbitrators that ruled in favor of Lore-Rodriguez in February.

Well, it appears longtime Minnesota Timberwolves owner Glen Taylor has given up in his ownership fight with Marc Lore and Alex Rodriguez.

The Minnesota Timberwolves will have new owners as Glen Taylor has agreed to transfer full ownership of the team to a group led by Alex Rodriguez and Marc Lore, ESPN reports.