Glen Taylor exploring sale of the Minnesota Timberwolves

The billionaire has owned the Wolves since 1994.
Author:
Updated:
Original:

Minnesota Timberwolves owner Glen Taylor is exploring the possible sale of the team, it's being reported.

Sports business news site Sportico reports 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 newspaper.

Sportico says that the potential sale isn't related to the downturn caused by the COVID-19 pandemic.

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.

There has also been pressure from fans calling on him to sell up, given the Wolves historically poor performance – the Kevin Garnett years aside.

What's more, The Athletic's Shams Charania is reporting that Garnett and a group of investors is seriously considering a bid for the team.

Sign up for our BREAKING NEWS newsletters

Next Up

Antoine Winfield Jr.

Watch: Gopher alums Antoine Winfield Jr., Tyler Johnson make key plays in Bucs' playoff win

The Minnesota greats had a pair of highlights as Tampa Bay advanced to the NFC Championship.

Er-hgw7XYAQup5n

Crews respond to fire at Gertens in Inver Grove Heights

It's reported that a greenhouse on the grounds was on fire.

Marcus Carr

Why the Gophers could be in line for a high seed in the NCAA Tournament

The Gophers are done with a brutal stretch and are poised to make a run.

police tape

Authorities ID man fatally struck by 'errant bullet' in Willmar

The man was working in his garage when he was fatally shot.

ambulance

1 dead, 1 critically injured in head-on crash on Highway 169

The State Patrol says driving impaired may have been a factor in the crash.

Richard Pitino

Gophers game against Nebraska postponed due to COVID outbreak

The Cornhuskers have had 12 members of its team test positive for COVID-19.

Bob Kroll

What Minneapolis Police Lt. Bob Kroll said in Sunday radio interview

Kroll said that once he's retired he'll go "radio silent."

coronavirus, SARS-CoV-2, covid-19

Here is Minnesota's COVID update for Sunday, January 17

The health department provides updates daily at 11 a.m.

Sen. Julia Coleman

'No one's business': State senator calls out attack on her pregnancy

Sen. Julia Coleman represents Minnesota's District 47.

Willmar Police Department

'Errant bullet' goes through garage wall, kills Willmar man

The man was working in his garage when he was shot, witnesses said.

Related