10:09pm: Walters has tweeted that Glen Taylor now has three interested buyers.
12:24pm: Back in late July, we heard from Sid Hartman of the Star Tribune that Timberwolves owner Glen Taylor had found a buyer to succeed him as majority owner of the franchise. However, according to Charley Walters of the St. Paul Pioneer Press, Taylor is now considering more than one prospective owner.
"At first I opened it up to just one person and said I would 'hold it for you for a while,'" Taylor said. "But when we didn't get a deal done, I told that person there are other people who had made inquiries and that I'm going to talk to them, and that's what I'm doing now."
While Taylor didn't reveal specific details about the interested parties, Walters says there are believed to be three prospects in play. The plan would be for Taylor's eventual successor to first invest in about 25% of the franchise before gradually assuming more than 50% control of the team.
Inquiries have been made to Taylor about buying the franchise and moving it elsewhere, but that's "not part of the conversation," according to the Wolves owner — the new owner would be required to keep the team in Minnesota. Taylor added that he's in no rush to sell his majority stake in the franchise.
"I'm not anxious, and I'm not in a hurry," Taylor said. "I just think it's wise of me to investigate it for planning for the future, my family and the club. This isn't something I get real excited about. I just think it's the right thing to do."