May 4, 2012, 8:28 PM EDT
Another small-market NBA team is on the market, but this owner is working to find a successor who will keep the team in place, not start another controversy about moving.
Minnesota Timberwolves owner Glen Taylor told the Associated Press that he is looking for a successor, not to just sell the team to the highest bidder.
Taylor told The Associated Press on Friday that he is looking to add a minority partner who could buy a part of the team that includes an option to buy Taylor out after observing the day-to-day operations of running a professional sports team.
Taylor said he has yet to speak to any specific candidates, but made it clear that one of the biggest priorities for him will be a commitment to keeping the Timberwolves in Minnesota.
“I could find somebody to buy the team. That’s not my problem,” Taylor said at his office at Taylor Corp., a privately held printing and marketing giant. “I have to find someone that’s committed to here. It’s always best if it would be a Minnesotan. I’m telling you I don’t know that’s the way it’s going to work out. I haven’t had a lot of Minnesotans step up.”
The timing of this is no accident — next week the Minnesota legislature is set to vote on a plan for renovations and upgrades to the publicly owned Target Center. The amenities include new restaurants, high-end seating and some of the other key things that drive revenue for teams now. We all know the real fans are in the cheap seats, but that’s not where teams get the majority of their income anymore.
Taylor is not very subtle with his message — there are a host of people willing to pay for a team they can move to San Jose or Seattle or other cities out there. If we don’t get this renovation and a next owner, I don’t know what is going to happen.
Taylor does not want to just sell the team to anyone. Former senators are not the kind of people to generally sell out their state. And he has no plans to completely sell in the near future. But Minnesota has been put on notice.
May 26, 2015, 11:07 PM EDT
This one was over early.
May 26, 2015, 10:30 PM EDT
Injury issues continue to pile up as Atlanta is on the verge of elimination.
Storms in Houston forced Dwight Howard to remain at arena with fans until 2:30AM after Game 4 win over Warriors
May 26, 2015, 9:30 PM EDT
Severe flooding in the area had fans — and at least one player — stranded.
May 26, 2015, 8:09 PM EDT
May 26, 2015, 8:00 PM EDT
Inconsistent ruling, but a good one for the Rockets.
May 26, 2015, 6:59 PM EDT
Curry reported no symptoms after the game or on Tuesday, which means expect the regular Curry back for Game 5 Wednesday night.
May 26, 2015, 6:17 PM EDT
There is no timeline but this could impact training camp and the start of next season.
May 26, 2015, 5:45 PM EDT
If he’s used in the aging shooter role on the court and veteran locker room presence off it, bringing him back for another season for a few million makes sense.
May 26, 2015, 5:00 PM EDT
We talk flagrant fouls — the NBA has to find some consistency.
May 26, 2015, 4:35 PM EDT
May 26, 2015, 3:59 PM EDT
Would the league really upgrade a foul and bench a star player in an elimination game?
May 26, 2015, 3:37 PM EDT
Not that it will be enough to get the Hawks a win.
May 26, 2015, 2:50 PM EDT
The Nets just do not have good rebuilding options going forward.
May 26, 2015, 2:05 PM EDT
Minnesota’s Zach LaVine has spent the early part of his offseason working on increasing his vertical… wait, what?
May 26, 2015, 1:27 PM EDT
Will Nuggets sell low?
May 26, 2015, 12:49 PM EDT
How and why?
May 26, 2015, 12:10 PM EDT
Pay up, Cleveland
May 26, 2015, 11:34 AM EDT
Mohammed, 37, already one of NBA’s oldest players
May 26, 2015, 10:56 AM EDT
Is Chicago really that petty?
May 26, 2015, 10:20 AM EDT
- Cavaliers complete sweep of Hawks, advance to NBA Finals 4
- Kyrie Irving back in Cavaliers lineup for Game 4 vs. Hawks 4
- NBA: No Game 5 suspension for Dwight Howard, flagrant-1 for hit on Andrew Bogut stands as called 16
- Report: Kyle Korver to have surgery on his ankle 5
- PBT Podcast: We’re back (finally), talking Curry, Harden, and what should be a Flagrant Foul 0
- PBT Extra: Will Dwight Howard’s foul on Bogut be upgraded to a Flagrant 2? Should it? 12
- PBT Extra: Horford/Dellavedova incident ups tension in Hawks/Cavaliers Game 4 10
- Elimination game Josh Smith is a thing, Rockets live to play another day 6