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.

In the dispute between Glen Taylor and the group led by Marc Lore and Alex Rodriguez concerning the sale of the Minnesota Timberwolves, a three-member arbitration panel has ruled in favor of Rodriguez and Lore.

Minnesota's Glen Taylor claimed back in March that the team was 'no longer for sale' after a 90-day window to close the deal expired.