The Minnesota Timberwolves are on the market.
According to Scott Soshnick of Sportico, Timberwolves owner Glen Taylor has retained The Raine Group to open the process of selling the franchise. Offers have already been made, and a sale could take place within the next month.
The report states that Taylor is asking at least $1.2 billion for the team. He has sought to avoid a public bidding process and wants to quietly find a buyer without any sort of media or corporate frenzy.
Taylor has been the majority owner of the Timberwolves since 1994. Though once a contender, they have made the playoffs just once since the 2003-04 season.
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Originally posted on Larry Brown Sports | By Grey Papke | Last updated 7/21/20
