Publish date:

Kevin Garnett says buying the Timberwolves would 'achieve my dream'

Glen Taylor has confirmed reports that he's listening to offers.
Author:

After announcing that he's among the interested buyers for the Minnesota Timberwolves, Kevin Garnett has expounded on his hopes to purchase the team from owner Glen Taylor. 

In a separate post to social media, Garnett said it is his dream to own the team in the city he loves. 

"My passion for the Minnesota Timberwolves to be a championship team is well known but I have a deeper affection for the city of Minneapolis," wrote Garnett. "I once again want to see Minneapolis as the diverse and loving community that I know it is. No two people love the city more than myself and Glen Taylor and I look forward to trying to work with him to achieve my dream."

Sports business news site Sportico reported that Taylor has retained The Raine Group to explore possible bidders for the franchise he bought for $88.5 million in 1994. The billionaire businessman and chairman of Taylor Corporation also owns the Minnesota Lynx and the Star Tribune.

It's been reported for several years that Taylor was considering an exit from the Wolves, with the Star Tribune reporting in 2015 that he was actively looking to sell a minority stake in the team.

The Athletic's Shams Charania reported that Garnett and a group of investors seeking the bid, while Charania's colleague Jon Krawczynski getting word from Taylor that he wants the buyer to purchase the Timberwolves and Lynx, and that "everybody’s been told it has to stay in Minnesota." 

“People have inquired who are interested, and very interested and have the money, but they want to move a team,” Taylor told The Athletic. “They are not a candidate. We’ve made that very clear. In those terms, nothing has changed. We got a good team here. We think we have a good future and we want to do anything we can to keep it that way.”

The Athletic says the asking price is thought to be around $1 billion. 

Garnett is the best player in Timberwolves history and is the franchise's all-time leader in nearly every statistical category. 

Next Up

mickey moore driver's license shared

Beleaguered Ward 9 city council candidate loses Strib endorsement

Mickey Moore has faced questions in recent days about where he actually lives.

CDC biohazard scientist health work

New clue may explain how rare tropical disease sickened Minnesotan

The disease, known as melioidosis, killed 2 people earlier this year.

Sen Mark Koran crop

MN lawmaker encourages donations for locals charged in Jan. 6 insurrection

"They are a good family!" Sen. Mark Koran wrote Friday.

money

Money Gal Coaching: Mastering the spiritual parts of money

Kelly Blodgett used her passion behind becoming debt free to launch Money Gal Coaching.

University of minnesota sign

U of M will now require proof that employees have been vaccinated for COVID

Previously, only students were required to be vaccinated.

Jim Hagedorn

Report reveals details about ethics investigation into Rep. Hagedorn

The congressman described the report's findings as "unfounded conclusions."

33462769592_d32f34fd48_k

SkyWest cancels hundreds of flights due to server error

More than 80 have been canceled at MSP Airport.

elk

First elk in more than 100 years spotted in parts of southern WI

The elk population was reintroduced to Wisconsin in recent decades.

grand marais

10 beautiful Minnesota cities to visit for outdoor adventures

These places are perfect for a day trip or a weekend getaway.

Related

Kevin Garnett

Kevin Garnett's group out of potential Timberwolves sale

Timberwolves owner Glen Taylor said that Garnett's group was not one of "more than 10" to buy the team.

Kevin Garnett

Will Kevin Garnett get involved with new Wolves-Lynx owners?

KG said he's looking forward to "rebuilding" Minneapolis.

Kevin Garnett

Kevin Garnett calls Timberwolves owner Glen Taylor a 'snake'

Garnett didn't hold back in an interview with Shams Charania.

Celtics to retire Kevin Garnett’s jersey before the Timberwolves

KG played 12 seasons with the Wolves but still hasn't had his number retired.