Skip to content

Timberwolves owner talking to several prospective buyers

Sep 20, 2012, 3:03 PM EDT

Glen Taylor Timberwolves AP

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.

Latest Posts
  1. Report: Kevin Love seeks more medical opinions, may delay announcing timetable

    Apr 27, 2015, 2:29 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwzjymvhyzgwzgy5njixztvmzwrlzgzmymqxyza3ytg52 AP

    Cavaliers gave him a chance to wait by sweeping Celtics

  2. Two years removed from being a top recruit, Florida’s Chris Walker declares for NBA draft

    Apr 27, 2015, 12:26 PM EDT

    Tennessee v Florida Getty Images

    What does Walker’s cratered draft stock say about Billy Donovan?

  3. Report: Cavaliers stated plan to avenge Kevin Love’s injury

    Apr 27, 2015, 11:45 AM EDT

    If that was their plan, they executed it well

  4. Report: If Kevin Love leaves Cavaliers, Lakers are team to beat in free agency

    Apr 27, 2015, 10:24 AM EDT

    Kevin Love, Tarik Black AP

    Celtics were reportedly gaining ground before Kelly Olynyk

  5. Paul Pierce trolls Drake, Raptors after sweep

    Apr 27, 2015, 9:46 AM EDT

    Wizards v Raptors Eastern Conference Quarterfinal Game 2 Getty Images

    Wizards forward started talking before series, hasn’t stopped

  6. Kelly Olynyk on Kevin Love’s accusation of intentionally injuring him: ‘That’s ridiculous’

    Apr 27, 2015, 9:07 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwzjymvhyzgwzgy5njixztvmzwrlzgzmymqxyza3ytg52 AP

    Celtics forward: ‘I would never intentionally hurt Kevin or anyone else’

  7. Watch Monta Ellis drop 31 on Rockets, lead Mavericks to win

    Apr 27, 2015, 8:30 AM EDT

    Monta Ellis Monta Ellis

    Somebody looks a lot more comfortable with no Rajon Rondo around.

  8. Rumor: Kevin Love out minimum of two weeks, will likely miss most or all of series vs. Bulls

    Apr 27, 2015, 2:34 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwzjymvhyzgwzgy5njixztvmzwrlzgzmymqxyza3ytg5 AP

    Love being out could be an issue in the next round as the Cavs take on the Bulls.

  9. Monta Ellis, J.J. Barea pairing ignites Mavericks offense, gets Dallas Game 4 win over Houston

    Apr 27, 2015, 1:38 AM EDT

    Monta Ellis, Trevor Ariza AP

    The question is can Dallas replicate all they did right on the road?

  10. Wizards blow out Raptors to complete first-round sweep

    Apr 26, 2015, 9:33 PM EDT

    Washington Wizards v Toronto Raptors Washington Wizards v Toronto Raptors

    Another stellar performance from John Wall buries Toronto’s season.

  11. Watch Chris Paul, Blake Griffin combine for big days to even Clippers with Spurs (VIDEO)

    Apr 26, 2015, 9:17 PM EDT

    Blake Griffin, ,Chris Paul Blake Griffin, ,Chris Paul

    The Clippers needed their big stars to step up Sunday or they were going to be in a very deep hole. They got it.

  12. Chris Paul scores 34 points, Clippers win Game 4 to even series with Spurs

    Apr 26, 2015, 6:31 PM EDT

    Tiago Splitter, Chris Paul AP

    Blake Griffin grabbed 19 rebounds, and Austin Rivers (!) chipped in 16 points in 17 minutes off the bench.

Featured video

Stephen Curry starting to define playoff legacy
Top 10 NBA Player Searches
  1. R. Rondo (4855)
  2. C. Parsons (4441)
  3. K. Durant (3849)
  4. N. Mirotic (3815)
  5. D. Lee (3783)
  1. K. Bryant (3633)
  2. T. Parker (3548)
  3. P. George (3494)
  4. P. Beverley (3286)
  5. K. Lowry (3277)