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.

After months of legal wrangling, Alex Rodriguez and Marc Lore are set to become majority owners of the Timberwolves and Lynx. A three-member arbitration panel ruled longtime owner Glen Taylor did not have the right last year to cancel a pending sale of 40% of his ownership stake to Lore and Rodriguez.

The ownership transfer of the Minnesota Timberwolves must continue as originally planned, after a three-person arbitration panel ruled 2-1 that controlling owner Glen Taylor must cede control of the NBA club to partners Marc Lore and Alex Rodriguez in the disputed final phase of the $1.