Timberwolves

T'Wolves Owner Hoping To Add Minority Parnter That Would Eventually Buy Him Out

Published May 7, 2012

T'Wolves Owner Glen Taylor is "in the market for his eventual successor," according to Jon Krawczynski of the AP. Taylor said that he “is looking to add a minority partner who could buy a part of the team that includes an option to buy Taylor out after observing the day-to-day operations of running a professional sports team.” Taylor said that he has “yet to speak to any specific candidates, but made it clear that one of the biggest priorities for him will be a commitment to keeping the Timberwolves in Minnesota.” Taylor: “I could find somebody to buy the team. That's not my problem. I have to find someone that’s committed to here. It’s always best if it would be a Minnesotan. I’m telling you I don’t know that’s the way it’s going to work out. I haven’t had a lot of Minnesotans step up.” Krawczynski noted the T'Wolves are also “hoping state lawmakers next week approve a plan for a massive renovation of Target Center that would make it more attractive for fans and more profitable for a new owner.” Taylor has “had a few health issues in the past.” He said that he’s “feeling strong and healthy these days, but thinks ‘it’s in the best interest of Minnesota’ to have a plan in place” (AP, 5/5).