Report: Wolves' new Chinese owner believes MN can be a global brand

Author:
Updated:
Original:

https://twitter.com/NBAcom/status/753672441600286720

Last month Minnesota Timberwolves owner Glen Taylor sold 5 percent of the Wolves (and Minnesota Lynx) to Lizhang Jiang, who became the first Chinese owner in the NBA.

In an interview with ESPN.com, Jiang says he sees the Wolves as a global brand that's similar to what the New York Knicks and Los Angeles Lakers are.

"I not only know the Chinese market," Jiang told ESPN. "But I also know very well about the international sports market. I am confident I can transfer my experience and resources in those aspects into the basketball business to help the Timberwolves grow both in the Chinese market and global market."

He told USA Today the Timberwolves have already "gathered a huge number of fans in China" thanks to the popularity of Kevin Garnett and his association with the team.

The Wolves are not the only team Jiang has his hands on. He's also the majority owner of Granada CF, a Spanish soccer based in Granada. Jiang believes his expertise in sports business will help Minnesota develop on a greater scale.

Taylor also said in the interview Jiang's partnership will encourage other teams in the NBA to start partnering with China.

Jiang is not the only new member of the Wolves' ownership group. Taylor also sold 9.5 percent to Meyer Orbach, who has been brought in to help with Target Center renovations.

Next Up

ambulance

State Patrol investigating fatal crash near Duluth

The crash was reported around 6:15 a.m. Wednesday.

eden prairie police squad car

Carjacking reported outside shopping center in Eden Prairie

One of the suspects reportedly displayed a weapon.

court gavel

8 people charged in Medicaid fraud scheme totaling $860K

Collectively, they're charged with 46 counts of felony theft.

vaping

Minnesota gets mixed grades on its tobacco report card

In Minnesota, the economic cost due to smoking is $2.519 million with 5,910 deaths per year attributed to smoking.

Hardy Wills-Traxler

Charges: Man stabbed his father, set his home on fire

The 25-year-old has been charged with second-degree murder and first-degree arson.

Impound lot

Crowded impound lot raises COVID concerns after Minneapolis snow emergency

A vehicle owner complains about the tightly-packed impound lot following the weekend's snow.

covid-19, coronavirus

Here is Minnesota's COVID-19 update for Wednesday, Jan. 27

The latest update from the state health department.

charley's

Charges: Bar owner, employee served underage drinkers during shutdown

The bar hosted 20-30 people on Dec. 4, 2020, charges say.

police lights

Driver wearing bulletproof vest strikes pedestrian in Rochester

The 21-year-old claimed the vest keeps him warm, according to police.

Related