Sep 20, 2012, 3:03 PM EDT
Glen Taylor’s priority in selling the Timberwolves is to find someone who will keep them in Minnesota and is willing to learn the business from him. Said investor would start by purchasing a quarter of the team, then mentor under Taylor as he buys more and more over time until he owned more than half.
He thought he had his man, but it turns out the search is not going quickly.
While people have lined up to talk to Taylor, he hasn’t found the right one, he told the Pioneer Press.
In July, Taylor said he and a prospective buyer “sort of” had an understanding for a deal before the coming season. Taylor would remain a minority partner in the Wolves. He said then that the new partner probably would come in as a 25 percent investor, then gradually buy more than 50 percent of the team. Those terms haven’t changed, Taylor said.
Taylor wouldn’t reveal the new interested parties, but including the initial prospect there now are believed to be three inquiring about obtaining majority interest in the Wolves.
“I continue to meet with several different parties who appear to have interest in completing a deal,” he said. “I’ll be patient and see if it works out.”
Taylor, a Minnesota senator, is not the kind of guy looking to just sell the team to someone looking to move it. Sorry Seattle.
Expect this to be a slow process. But Taylor’s efforts to find a buyer are ongoing.
Apr 17, 2014, 9:38 PM EDT
Center has $3.8 million player option
Apr 17, 2014, 8:34 PM EDT
All would make strong hires
Apr 17, 2014, 7:05 PM EDT
Adidas rolls the dice on a young guard with potential. Not a bad business plan.
Apr 17, 2014, 5:57 PM EDT
Both are likely first round picks in the teens or early 20s.
The Al Jefferson Effect: Now that the Bobcats are playoff-bound, how they want their big man to help next
Apr 17, 2014, 4:53 PM EDT
What affect will Jefferson have on the development of Kemba Walker, Bismack Biyombo, Michael Kidd-Gilchrist and Cody Zeller?
Apr 17, 2014, 4:50 PM EDT
Raptors fans are pumped for the playoffs.
Apr 17, 2014, 4:00 PM EDT
Can you blame them?
Apr 17, 2014, 3:59 PM EDT
Ballots show a tight race
Apr 17, 2014, 3:15 PM EDT
It really comes down to this: Does he trust Phil Jackson and Knicks management to build a winner quickly?
Apr 17, 2014, 2:40 PM EDT
You put your money where your heart is, and your heart clearly follows LeBron James and the Heat.
Apr 17, 2014, 2:11 PM EDT
Bucks didn’t win back-to-back games all season
Kobe tells Lakers’ fans to “flush” last season, has been cleared to run, shoot, prepare for next season
Apr 17, 2014, 1:33 PM EDT
Kobe may be in France but he still had time to tweet Lakers fans and tell them things will be better next season.
Apr 17, 2014, 12:55 PM EDT
He is as high on some boards as No. 1, but likely goes No. 3. However no freshman near the top of this board will have a bigger immediate impact in the NBA — his offensive game is NBA ready.
Apr 17, 2014, 12:10 PM EDT
This both has been expected and is mutual, according to the buzz around the league.
Apr 17, 2014, 11:20 AM EDT
Hill previously reported to be a candidate for a job
Apr 17, 2014, 10:44 AM EDT
Pistons forward: ‘I’ve censored myself’
Apr 17, 2014, 10:11 AM EDT
Get ready for an intense playoff series
Apr 17, 2014, 9:40 AM EDT
Irving talks as if he wants to stay in Cleveland
Apr 17, 2014, 8:44 AM EDT
Clear out your calendar.
Apr 17, 2014, 8:00 AM EDT
Tight 1-2 race
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- Carmelo Anthony: “I want to come back…I also want to win.” 40
- Kobe tells Lakers’ fans to “flush” last season, has been cleared to run, shoot, prepare for next season 46
- Duke’s Jabari Parker says he will enter NBA Draft 37