It was less than two years ago that Glen Taylor nearly worked out an agreement to sell a portion of the Timberwolves to Steve Kaplan, with an eye toward Kaplan eventually taking over a controlling interest in the franchise. However, since that deal fell through, Taylor has doubled down on his investment in the Wolves, pouring money into renovating the arena and revamping the roster, writes Jon Krawczynski of The Athletic.
As he explains to Krawczynski, Taylor has had no shortage of opportunities to sell the Timberwolves, and any sale would net him a significant profit, considering he bought the franchise for just $88MM back in 1994. However, the long-time owner of the Wolves doesn’t want to see a new ownership group move the team out of Minnesota, and most potential investors are interested in doing just that.
Krawczynski suggests that Taylor could have sold the team for at least $700MM within the last couple years, with the Wolves’ owner hinting that he could have done much better than that if he’d been eager to sell.
“Even right now I have people that would call me up and give me substantially more than the number you just said,” Taylor said. “And I’ve said I’m not interested in selling. I just want to play this thing out.
“I certainly could sell the team if money was my driving factor,” Taylor added. “But it wasn’t when I bought it. I never anticipated selling it (to make money).”
Here’s more on the Wolves’ ownership situation, a long with a couple more notes out of Minnesota:
- Although Taylor is in no rush to sell the Timberwolves, Krawczynski’s report notes that Taylor is 76 years old, and none of his children are interested in taking over the business, so he’ll have to find a buyer at some point down the road.
- While it’s not official yet and he’s not sure how long the process will take, Shabazz Muhammad plans to change his legal name to ‘Bazz,” as he tells Jerry Zgoda of The Star Tribune. “I just like it,” Muhammad said. “Everybody calls me that anyway.”
- Karl-Anthony Towns enjoyed his best game of the season on Friday night, racking up 33 points and 19 rebounds in a win over Oklahoma City. As Kent Youngblood of The Star Tribune relays, Towns’ teammates – who recognize his ability to take over games – would like to see that sort of effort from him on a nightly basis. Towns will be extension-eligible for the first time in 2018, and figures to be in line for a maximum-salary deal with more performances like Friday’s.