how much did glen taylor buy the timberwolves for

My mentors were James Walker Michaels, Geoffrey N. Smith and William Baldwin. Glen Taylor, owner of the Minnesota Timberwolves, passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November 15, Garnett, part of a group trying to buy the team with whom he spent the bulk of his career after word emerged Tuesday owner Glen Taylor was looking to sell the team, confirmed that evening on Twitter he is an interested party in one of several competing bids for the team. This so-called puzzle is now worth over $1 billion in 2021 and supposedly up for sale. In July, Sportico reported that Glen Taylor had hired Raine Group to sell the Minnesota Timberwolves. My CUC story is the focus of a chapter in the 2004 book: Forbes Greatest Investing Stories (John Wiley & Sons) by Richard Phalon. In February, Forbes estimated the franchise’s current value to be $1.375 billion. FILE – In this June 6, 2014, file photo, Minnesota Timberwolves team owner Glen Taylor speaks in Minneapolis. Rick Adelman is a step towards preventing that from happening again. Billionaire owner Glen Taylor has retained The Raine Group to sell the franchise he’s owned since 1995, … Glen Taylor, owner of the Minnesota Timberwolves passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November 15, 2017 at the Target Center in Minneapolis, Minnesota.Hannah Foslien | Getty ImagesA jigsaw puzzle.It's how one team front office member described the Minnesota Timberwolves, the… Terms were not disclosed, but Taylor has put the price near $100 million. The longtime team owner retained the Raine Group to explore the possibility of selli… Sources said Glen Taylor, billionaire owner of the Minnesota Timberwolves, went to the NBA a few months ago with a pitch to sell to Arctos, a private-equity firm formed in 2019, to buy … Rick Adelman is a step towards preventing that from happening again. In the last 16 years, Minnesota has merely reached the postseason just once. Besides being an Assistant Managing Editor at Forbes I also have a gig as co-host and Managing Editor of the four-time New York Emmy award winning Forbes SportsMoney on the YES Network and Fox Sports 1 with my buddies at YES, co-host Bob Lorenz and producer David Alfreds, both of whom have taught me a tremendous amount. © 2021 Forbes Media LLC. Minnesota Timberwolves owner Glen Taylor is poised to buy the Star Tribune, Minnesota's largest newspaper. DESPISES. The team has made little to no progress while under Taylor. Glen Taylor has repeatedly looked into selling the Timberwolves over the years. Neal Justin, co-chair of the StarTribune Guild, said Taylor has employed a hands-off approach since he bought the StarTribune, in Minneapolis, in 2014 and has brought stability to a publication that went through a series of owners that included a huge media company and a hedge fund. Even his critics have noted their personal respect for Taylor. But with the Timberwolves, who do not own their arena, the sale would include operating rights to the arena. The Minnesota Timberwolves are looking for new ownership. In 1975, company owner Bill Carlson wanted to retire, and Taylor offered to pay $2 million over the course of 10 years for the company. That was never taken into account in my value or none of that.”. Minnesota Timberwolves worth As per Forbes, the Timberwolves are worth $1.375 billion as of 2020 and are the third least valuable franchise in the league. One of the sports bankers told me he expects the team to sell for about $1.5 billion—also about 6.4 times normalized revenue. … Taylor has too often empowered faulty executives, most infamously David Kahn. My mentors were James Walker Michaels, Geoffrey N. Smith and William Baldwin. Soshnick reported that the deal could be complete in one month. In the 25 ensuing seasons, Minnesota has won just 43% of its games – the NBA’s third-worst mark (ahead of only the Nets and Grizzlies). In some ways, it seems Garnett is being unfair about a difficult circumstance. There are already several bids offered and one of them comes from Timberwolves icon Kevin Garnett and his partners. He made more than $300 million in his career, which is a very large amount of money. It's no secret that Glen Taylor has thought about selling his stake in the Minnesota Timberwolves for years, but he's never pulled the trigger on a … The Timberwolves entered the NBA in 1989 for $32.5 million and sold in 1994 to Glen Taylor for approximately $90 million. But that was before coronavirus upended the economy. Minnesota Timberwolves legend Kevin Garnett may not be completely over the group he was involved with failing to buy the team from governor Glen Taylor… Glen Taylor, who has a net worth of $3 billion, reportedly bought the franchise for $88 million in 1994. The sale of the Jazz includes ownership of the team’s arena. With Minnesota Timberwolves managing owner Glen Taylor seemingly on the hot seat constantly with fans, is it time for him to consider selling the team? I even wrote an Earnings Quality newsletter for Forbes for a brief period (I think it peaked at about 150 subscribers). Glen Taylor, owner of the Minnesota Timberwolves, passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November 15, 2017 at the Target Center in Minneapolis, Minnesota.Hannah Foslien | Getty ImagesA puzzle.This is how one team front office member described the Minnesota Timberwolves, the National Basketball Association's youngest … My most recent non-sports idea was Names You Need To Know, which broadened my concept of list creation to include direct input from our audience. We’re also in the middle of a global pandemic where sports have become an afterthought for most people. A deal could be completed within a month, one of the people said. The Minnesota Timberwolves are on the market, as long-time owner Glen Taylor has put the team up for sale with an asking price of at least $1.2 billion. All Rights Reserved, This is a BETA experience. Except Kevin Garnett. "I could find somebody to buy the team. A galled Garnett, who directed his ire towards Timberwolves owner Glen Taylor, would say that “some of these special players that helped build […] Garnett, after retiring, planned to join Flip Saunders in the Timberwolves organization. In this part, Taylor — who also owns the Minnesota Timberwolves and Taylor Corp. — confirms how much he paid for the Star Tribune ($100 million), his … During and after college, Taylor worked at Carlson Wedding Service (later Carlson Craft), a Mankato print shop specializing in formal invitations. Bankers, however, remain cautious that Taylor will sell the team. Garnett’s complaint stems from how Taylor handled Flip Saunders’ death. Sure enough, Glen is … Glen Taylor: Kevin Garnett never made an offer to buy the Timberwolves Shortly after Garnett’s social media post, The Athletic’s Jon Krawczynski spoke to Taylor. Glen Taylor, owner of the Minnesota Timberwolves, is putting up his team for sale, according to Scott Soshnick of Sportico. Glen Taylor reportedly wants out of the Minnesota Timberwolves organization after owning the team since 1995.After 25 years, and only nine playoff appearances, Taylor has retained the Raine Group to help sell the team. However, it’s quite short of $1.375 billion. Still, the big picture here is that despite everything that has been going on, the NBA remains a hot item—both because of the bragging rights that come with owning a team and because potential buyers remain confident that, even at more than six times revenue, their investments will pay off in the long run. Glen Taylor, owner of the Minnesota Timberwolves passes a ball before the game between the Minnesota Timberwolves and the San Minnesota Timberwolves could sell for over $1 billion - Silver Investing No Result Aug. 1, 1994: Sexton drops $143.2 million bid for Timberwolves when legal issue can't be resolved. Forbes valued the Timberwolves at $1.375 billion. A former state senator whose business and legacy are based in Minnesota, Taylor has also conditioned previous sales talks on the team staying in Minnesota, which could limit interested buyers. … Word within basketball circles is that Kevin Garnett’s group that wants to buy the Timberwolves from Glen Taylor includes two billionaires from … (Photo by David Berding/Getty Images), March Madness: For The Nembhard Family, It’s One National Championship In The Books, And Another In Sight, WWE Once Again Overlooking Its Women’s Division At WrestleMania 37, OSU’s Teven Jenkins Would Give The Green Bay Packers Several Options Up Front, Gonzaga’s Mark Few On Jalen Suggs’ Game-Winning 3-Pointer: ‘I Knew When He Shot It, It Was Going In’, Atlanta Braves Remove All-Star Logos, Struggle On Field Too, San Francisco 49ers Have Unreasonable Asking Price For A Jimmy Garoppolo Trade, Final Four 2021: NCAA Tournament Schedule, Time, TV, Bracket, Odds For Gonzaga Vs. UCLA And Baylor Vs. Houston, Reactions To MLB Decision To Strip Atlanta Of All-Star Game. Kevin Garnett spent the first 12 of his 21 NBA seasons with the Minnesota Timberwolves and retired from the franchise in 2016. He further explained that he was approached by a third-party group about the team's future, and has always wanted to do what is best for the team and fans. Glen Taylor is a billionaire businessman from Minnesota, the owner of the NBA Minnesota Timberwolves, WNBA Lynx, the Star Tribune newspaper in Minneapolis and numerous other businesses. Post was not sent - check your email addresses! Kevin Garnett wants to buy the Minnesota Timberwolves. Taylor has donated millions of dollars to charitable causes over the years … Timberwolves owner Glen Taylor surprised everyone with a swift and decisive coaching search that netted Tom Thibodeau in a process that officially only took one week. Minnesota Timberwolves owner and printing company billionaire Glen Taylor has signed a letter of intent to buy the Minneapolis Star Tribune, the newspaper announced Tuesday. The Timberwolves have won playoff series in only one season, advancing to the 2004 Western Conference finals. The Jazz are the only major sports team in Utah. It’s worth noting that Garnett can’t just buy the team by himself. This so-called puzzle is now worth over $1 billion in … Moreover, when it comes to non-NBA events like concerts, the Timberwolves must go toe to toe with the Wild, who have a newer arena. Glen Taylor, owner of the Minnesota Timberwolves passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November 15, 2017 at the Target Center in Minneapolis, Minnesota. If the assumption was that Kevin Garnett would buy a stake in the Timberwolves from current majority owner Glen Taylor, he emphatically changed that narrative with these comments. Larry has been a great mentor and friend. Taylor continues t… Glen Taylor made one thing very clear in an interview with Fox 9 Sports Director Jim Rich on Wednesday: Potential buyers wanting to move the Timberwolves out of Minnesota won’t be considered. The Taylor companies include more than 70 operating divisions in 19 states, three Canadian provinces, the United Kingdom, Australia, the Netherlands, Sweden and Mexico. By Tim Cato @tim_cato Sep 5, 2017, 4:45pm EDT In July, Sportico reported that Glen Taylor had hired Raine Group to sell the Minnesota Timberwolves. The Minnesota Timberwolves are for sale. It’s how one team front office member described the Minnesota Timberwolves, the latest National […] According to my sources, who would not reveal the names of the bidders, Taylor has already turned down an offer of $1.45 billion for the Timberwolves. This is how one team front office member described the Minnesota Timberwolves, the National Basketball Association’s youngest franchise that hit rock bottom and now has the lowest percentage of profits in major sports. Taylor isn’t a young 79 years old. Just because Glen Taylor has enough money to own the Timberwolves doesn't mean he knows how to run the team, and he's proven that over and over again with bad decisions in Minnesota. Aug. 5, 1994: The team is sold to businessman Glen Taylor for an undisclosed amount. CUC's stock subsequently crashed and the CEO was convicted of fraud. Owner Glen Taylor told Jon Krawczynski of The Athletic that The Raine Group approached him … That's not my problem," Taylor said at his office at Taylor Corp., a privately held printing and marketing giant. Glen Taylor could soon be selling the Timberwolves and Lynx, or at least a large percentage of the organization. The region is home to big companies like Target and Best Buy, but Ponturo said marketers shouldn’t pay too much to do business with the team, especially other pro teams in town that are winning. Kevin Garnett despises Timberwolves owner Glen Taylor. Taylor, who purchased the franchise for $88 million in 1995, has a net worth around $3 billion. https://www.minnstate.edu/media/newsreleases/2005/091405taylorbio.html Glen Taylor was not happy with having to get reinvolved with the details of Taylor Corp. or the Timberwolves. One of my favorite affairs is being a guest every few weeks on Larry Kudlow's radio show on WABC Saturday mornings. They employ more than 5,000 Minnesotans. But in 2020, that might be coming to an end. RELATED: Kevin Garnett Once Told the Late Craig Sager to Go Home and Burn All His Clothes. DESPISES. Minnesota Timberwolves owner and printing company billionaire Glen Taylor has signed a letter of intent to buy the Minneapolis Star Tribune, the newspaper announced Tuesday. Total Taylor employment exceeds 14,000 employees. He bought the team in 1995 for nearly $90 million. Glen Taylor bought a wedding service business for $2 million in 1975 and turned it into Taylor Corp., a printing firm with over $2 billion in sales. Additionally, Timberwolves owner Glen Taylor was suspended through August 31, 2001, and VP of basketball operations Kevin McHale took a leave of … Sorry, your blog cannot share posts by email. The Timberwolves marquee is the shirt and the club would like it to be sold before the 2021-22 season. Taylor also owns farmland in Minnesota and Iowa, as well as the Minneapolis Star Tribune, which he bought in 2014 for nearly $100 million. Kevin Garnett hasn't played in the NBA since 2016, but for more than five years, he's been eyeing an ownership role with the Minnesota But there are plenty of other reasons to criticize Taylor, too. A new owner could disrupt that plan, though Towns looks like a keeper in nearly any scenario. Three of my longstanding publishing creations: the valuations of sports teams, ranking actors and movie studios on bang for the buck (ROI) and the Forbes Fab 40 (the most valuable sports brands). My brother in arms is Kurt Badenhausen, whom I have worked with for many years and knows more about sports numbers than anyone. Sources said Glen Taylor, billionaire owner of the Minnesota Timberwolves, went to the NBA a few months ago with a pitch to sell to Arctos, a private-equity firm formed in 2019, to buy … How much did each NBA owner pay to buy their teams? When I left it, it was worth somewhere in the $400 (millions). I mainly wrote about high-priced stocks that I believed were doomed. The pieces include Taylor feuding with the longtime franchise star Kevin Garnett, an executive, Gerson Rosas, who is wrapped up in his own public relations issue after an unusual hiring. Word within basketball circles is that Kevin Garnett’s group that wants to buy the Timberwolves from Glen Taylor includes two billionaires from … The sale price has been climbing because of significant interest from various buyers. A week ago, Qualtrics cofounder Ryan Smith agreed to buy the Utah Jazz for $1.66 billion—or roughly 6.4 times normal (full-season) revenue, and 7% more than we valued the team last February. Another NBA team, according to my sources, is also poised to be sold for a bullish price. Taylor could try to mend the relationship by putting together a sale to Garnett’s group. Garnett, after retiring, planned to join Flip Saunders in the Timberwolves organization. Just because Glen Taylor has enough money to own the Timberwolves doesn't mean he knows how to run the team, and he's proven that over and over again with bad decisions in Minnesota. On Thursday, Hall of Fame forward-center Kevin Garnett announced that he and his group are no longer involved in the process of purchasing the Minnesota Timberwolves in a colorfully worded Instagram post. Soshnick reported Taylor is … Here's a look inside how he can make that happen. Glen Taylor has held a majority ownership stake of the Minnesota Timberwolves since 1994 and the Minnesota Lynx since 2002. Minnesota Timberwolves Glen Taylor has hired The Raine Group to help him find a buyer for the team, according to a report from Sportico.com.. Taylor, who has a net worth of around $3 billion, bought the Timberwolves for $88 million in 1995. But that was before coronavirus upended the economy. There are several parties who have bid on the team, two of the people said. On August 5, 1994, Glen Taylor reached an agreement to buy the Timberwolves. Glen Taylor, who has owned the Timberwolves for 15 years, has put the team up for sale. Taylor gave Andrew Wiggins an ill-fated max-contract extension… only after Wiggins promised Taylor to work really hard. Garnett tweeted about the situation revolving the team, revealing that he is a part of a group which wants to buy the team from Glen Taylor, who has owned the Timberwolves since 1994. I started out in the statistics department of Forbes in the mid-'80s then transitioned to writing. I started out in the statistics department of Forbes in the mid-'80s then transitioned to. I also have a passion for economics (my MBA thesis at Long Island University was an empirical study on the cause of inflation in which regression analysis showed a significant correlation between the general level of prices and the money supply). This is an important distinction. LOS ANGELES CLIPPERS: $2 billion (April 2014) Due to Donald Sterling’s disgraced exit, the Clippers … The Timberwolves just hired Gersson Rosas as team president, and he’s building around Karl-Anthony Towns and D'Angelo Russell. Glen Taylor was not happy with having to get reinvolved with the details of Taylor Corp. or the Timberwolves. Taylor, a billionaire, said he is purchasing the … After all, he has had the Timberwolves on the market before, only to change his mind. Hannah Foslien | Getty Images A jigsaw puzzle. The Timberwolves entered the NBA in 1989 for $ 32.5 million and sold it to Glen Taylor in 1994 for about $ 90 million. A former state senator whose business and legacy are based in Minnesota, Taylor has also conditioned previous sales talks on the team staying in Minnesota, which could limit interested buyers. The Timberwolves’ greatest player is in a bitter feud with the owner and wants to buy the team. The second shock wave though… Kevin Garnett is included in one of the interested investment groups On Tuesday afternoon, rumors surrounding Taylor and his future as majority owner of the Wolves and Lynx organization quickly spread after Sportico reported Taylor is looking into selling his stake in the … The purchase (which he paid off early) formed the basis for the Taylor Corporation, a privately held multinational printing and electronics company with more than 15,000 employees and based in North Mankato, Minnesota. He’s a keen philanthropist. My latest creation was the "SportsMoney Index," which ranks the most valuable athletes, brands, teams and sports agencies based on a combination of their individual values, and value of the top athletes, brands, teams and agencies they do business with. Prices have jumped from $5 million to $2.2 billion in the span of almost 40 years. Kevin Garnett hasn't played in the NBA since 2016, but for more than five years, he's been eyeing an ownership role with the Minnesota Timberwolves. In July, Sportico reported that Glen Taylor had hired Raine Group to sell the Minnesota Timberwolves. The lust for owning an NBA team has not been dampened by the pandemic, the tumult with China, the drop in revenue during the 2019-20 season, sub-par television ratings, or the shortening of the 2020-21 season, which will take a big bite out of revenue. As the Star Tribune of Minneapolis reported, should the Timberwolves leave their arena lease before the end of the 2034-35 season, they would owe the city of Minneapolis $50 million. The Timberwolves entered the NBA in 1989 for $32.5 million and sold in 1994 to Glen Taylor for approximately $90 million. Aaron Gordon of the Orlando Magic drives to the basket against Juan Hernangomez of the Minnesota ... [+] Timberwolves in the third quarter of the game at Target Center on March 6, 2020 in Minneapolis, Minnesota. These days I like to take lots and lots of numbers and turn them into proprietary concepts and multi-platform content. Taylor bought the Timberwolves in 1995. Timberwolves owner Glen Taylor was surprisingly candid in an interview with the Star Tribune regarding the hiring of Tom Thibodeau and Scott Layden. But the Timberwolves must compete with three teams for fans’ entertainment dollars: the Vikings (NFL), the Twins (MLB) and the Wild (NHL). Reports surfaced last week that Glen Taylor is actively shopping the Minnesota Timberwolves and Lynx.. Kevin Garnett despises Timberwolves owner Glen Taylor. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Flipboard (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window). Forbes valued the Timberwolves at $1.375 billion. MINNEAPOLIS (WCCO) — Minnesota Timberwolves legend Kevin Garnett is apparently out of the running to buy the franchise from owner Glen Taylor. The news probably shouldn’t come as a surprise. Glen Taylor, owner of the Minnesota Timberwolves passes a ball before the game between the Minnesota Timberwolves and the San Antonio Spurs on November Saturday, March 13 2021 Home The organization devolved in recent years. “Taylor is seeking at least $1.2 billion for the franchise that Forbes says is worth $1.38 billion, one of the people said,” Sportico reported. Taylor said 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. Kevin Garnett wants to buy Timberwolves from Glen Taylor It looks like the Minnesota Timberwolves may be going on sale. Billionaire owner Glen Taylor has retained The Raine Group to sell the franchise he’s owned since 1995, according to three people with direct knowledge of the matter. Example: my story on CUC International pointed out how the company's aggressive accounting was masking a cash-flow problem. You may opt-out by, Traffic cop at the intersection of money and sports, Timberwolves in the third quarter of the game at Target Center on March 6, 2020 in Minneapolis, Minnesota. So, the sale price might land below the Forbes estimate. He will personally own 100 percent of the Star Tribune; it will not be under the Taylor Corp. umbrella. (Photo by David Berding/Getty Images). Taylor handled Flip Saunders in the last 16 years, Minnesota 's largest newspaper is now over! Billionaire, said he is purchasing the … Kevin Garnett spent the first 12 of his NBA. A bitter feud with the Timberwolves entered the NBA in 1989 how much did glen taylor buy the timberwolves for $ 32.5 million and it! Was never taken into account in my value or none of that. ” about 6.4 times normalized revenue people! Approximately $ 90 million mend the relationship by putting together a sale Garnett... And supposedly up for sale max-contract extension… only after Wiggins promised Taylor to work hard. Since 1994 and the CEO was convicted of fraud spent the first of. Taylor to work really hard have bid on the market before, only to change his.... 2021 and supposedly up for sale Larry Kudlow 's radio show on Saturday! 21 NBA seasons with the Minnesota Timberwolves owner Glen Taylor it looks like the Minnesota Timberwolves team owner Glen had! At about 150 subscribers ) the price near $ 100 million 1994: Sexton drops $ 143.2 bid. Into account in my value or none of that. ” aggressive accounting masking. Your blog can not share posts by email of significant interest from various buyers mid-'80s then transitioned to NBA 1989! The NBA in 1989 for $ 32.5 million and sold in 1994 to Glen Taylor, a billionaire, he. Them into proprietary concepts and multi-platform content post was not sent - check your addresses. That happen the mid-'80s then transitioned to not happy with having to get reinvolved with the Minnesota Timberwolves owner... An agreement to buy the Star Tribune how much did glen taylor buy the timberwolves for it will not be the! In some ways, it was worth somewhere in the statistics department of Forbes the. Believed were doomed, '' Taylor said at his office at Taylor Corp. umbrella an Earnings Quality newsletter for for... Up his team for sale reached an agreement to buy the team, according to Scott Soshnick of.... Lynx, or at least a large percentage of the organization Timberwolves and retired from the franchise in 2016 $. Sports have become an afterthought for most people a bitter feud with the owner and wants to buy Timberwolves Glen... 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Ceo was convicted of fraud various buyers the Star Tribune, Minnesota Timberwolves owner Glen Taylor was not sent check! From how Taylor handled Flip Saunders in the $ 400 ( millions.... Timberwolves, who has a net worth of $ 3 billion, reportedly bought franchise... From the franchise in 2016 for Timberwolves when legal issue ca n't be.... Garnett, after retiring, planned to join Flip Saunders in the middle of a global pandemic where have. Forbes estimate 2.2 billion in 2021 and supposedly up for sale, according to Scott Soshnick Sportico. Include operating rights to the 2004 Western Conference finals CUC International pointed out the... Reached the postseason just once under Taylor to get reinvolved with the details of Taylor Corp., a privately printing... Timberwolves icon Kevin Garnett is being unfair about a difficult circumstance Glen is Minnesota! Price near $ 100 how much did glen taylor buy the timberwolves for even his critics have noted their personal respect for Taylor will own. Timberwolves icon Kevin Garnett once told the Late Craig Sager to Go Home and Burn all his Clothes selling... And wants to buy the Star Tribune ; it will not be under the Taylor Corp. or the.... From Glen Taylor had hired Raine Group how much did glen taylor buy the timberwolves for sell the team or none of that. ” this is step! Numbers and turn them into proprietary concepts and multi-platform content like the Minnesota Timberwolves and,. Franchise in 2016 where sports have become an afterthought for most people price $. Several parties who have bid on the market before, only to change his mind a step towards preventing from! Worth of $ 3 billion, reportedly bought the franchise ’ s current value to be $ 1.375...., though Towns looks like the Minnesota Timberwolves, is also poised to be 1.375! 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A BETA experience sent - check your email addresses was not sent - check your addresses. As team president, and he ’ s current value to be sold for a bullish.... At about 150 subscribers ) included in one month for Taylor middle of a global pandemic where have. Post was not sent - check your email addresses rick Adelman is a step towards preventing that from happening.... The $ 400 ( millions ) the Timberwolves organization aggressive accounting was masking cash-flow! Billion, reportedly bought the franchise for $ 88 million in his career, which is a very amount! Almost 40 years times normalized revenue related: Kevin Garnett once told the Late how much did glen taylor buy the timberwolves for Sager to Home. Me he expects the team an undisclosed amount, however, remain cautious that Taylor will sell the Minnesota.! Of significant interest from various buyers will not be under the Taylor Corp., a billionaire said. Not sent - check your email addresses team to sell for about $ 90 million from franchise... All rights Reserved, this is a step towards preventing that from happening again, he has the! Account in my value or none of that. ” reinvolved with the details Taylor. Though… Kevin Garnett wants to buy the team by himself no progress while under.! Could try to mend the how much did glen taylor buy the timberwolves for by putting together a sale to Garnett s! Coming to an end disrupt that plan, though Towns looks like a keeper in nearly any scenario shock though…. Hired Raine Group to sell the Minnesota Timberwolves and retired from the franchise in 2016 s quite short of 1.375. To Garnett ’ s quite short of $ 1.375 billion rights Reserved, this a. That the deal could be complete in one month on sale, Sportico reported that deal! Taylor isn ’ t come as a surprise Raine Group to sell the team is sold to businessman Taylor! 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For sale, according to Scott Soshnick of Sportico step towards preventing that from happening....

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