The ownership transfer of the Minnesota Timberwolves must continue as originally planned. An arbitration panel has ruled 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 sale.

A three-person panel ruled in favor of Lore and Rodriguez, setting them up to take full control of Minnesota's NBA and WNBA teams.

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.