Former Grizzlies minority owner Daniel E. Straus is in “advanced talks” to purchase Wolves and Lynx franchises from Glen Taylor, per Shams Charania of The Athletic.
As Charania reports, the two sides still have to reach an agreement on various issues, before the deal is complete.
The Timberwolves became available for purchase on July 21.
Several funds expressed interest to buy the Timberwolves, including a fund led by NBA and team legend Kevin Garnett.
It seems, though, Straus will be the one that will purchase the club.