The owner of the Minnesota Timberwolves Glen Taylor has put up the team for sale, after 25 years in the team’s investment group.
Among others, the former Wolves’ legend Kevin Garnett is pulling the strings in an effort to buy the team.
According to Charley Waters, via twincities.com:
“Word within basketball circles is that Kevin Garnett’s group that wants to buy the Timberwolves from Glen Taylor includes two billionaires from California and another from Florida. Garnett’s investment is said to be $200 million, and he would head the
basketball operation with authority to name the GM and coach. Asking price is expected to be about $1.2 billion, which also includes the Lynx.”
Taylor is reportedly looking for at least $1.2 billion for the team which, according to Forbes, is worth $1.38 billion.