{"id":204167,"date":"2020-07-22T11:43:17","date_gmt":"2020-07-22T16:43:17","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=204167"},"modified":"2020-07-22T11:43:17","modified_gmt":"2020-07-22T16:43:17","slug":"taylor-exploring-selling-timberwolves-kg-interested","status":"publish","type":"post","link":"https:\/\/csinewsnow.com\/?p=204167","title":{"rendered":"Taylor exploring selling Timberwolves, KG interested"},"content":{"rendered":"

\"\"Minneapolis\u00a0 (The Athletic)\u00a0 Minnesota Timberwolves Owner Glen Taylor is exploring a sale of the Minnesota Timberwolves<\/a>.<\/p>\n

Taylor said in a statement on Tuesday that he has retained The Raine Group, a global merchant bank, to explore a potential sale of the team.<\/p>\n

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“I was recently approached by The Raine Group to discuss the future of our franchise,” he wrote. “From the time I bought the team in 1994, I have always wanted what’s best for our fans and will entertain opportunities on the evolution of the Timberwolves and Lynx ownership structure.”<\/div>\n<\/div>\n<\/div>\n

Taylor told The Athletic<\/a> that he will not sell the team to a group that wants to move it out of Minneapolis.<\/p>\n

“People have inquired who are interested but they want to move the team,” he said. “They are not a candidate. We’ve made that very clear.”<\/p>\n

Sportico, which first reported Taylor’s interest in selling the Wolves, says he’s seeking “at least $1.2 billion” for the franchise. The website also reported that a deal for the team could be agreed to within a month, although Taylor told The Athletic that nothing is imminent.<\/p>\n

It wasn’t immediately clear how many groups have expressed interest in buying the Wolves, although former Minnesota star Kevin Garnett wrote on social media that he is part of one of them.<\/p>\n

“I’m part of one of the groups trying,” Garnett wrote on Instagram, with fingers crossed and folded hands prayer emojis. “Lawd please let my group get this.”<\/p>\n

Garnett shared more thoughts on Twitter, this time about his love for Minneapolis as an organization and as a city.<\/p>\n

In regard to the timing of the sale, Taylor told The Athletic that he feels good about where the Wolves are now after a period of uncertainty following Flip Saunders’ death. He said a combination of factors — the desire of some limited partners to move on, his age (79) and work with other companies he owns, the uncertainty of the economy due to the coronavirus — helped lead him to the decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

Minneapolis\u00a0 (The Athletic)\u00a0 Minnesota Timberwolves Owner Glen Taylor is exploring a sale of the Minnesota Timberwolves. Taylor said in a statement on Tuesday that he has retained The Raine Group, a global merchant bank, to explore a potential sale of the team. “I was recently approached by The Raine Group […]<\/p>\n","protected":false},"author":3,"featured_media":119520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-204167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"_links":{"self":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/204167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=204167"}],"version-history":[{"count":1,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/204167\/revisions"}],"predecessor-version":[{"id":204168,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/204167\/revisions\/204168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/119520"}],"wp:attachment":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=204167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=204167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=204167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}