Sportico reports that Glen Taylor, owner of the Minnesota Timberwolves, has engaged the Raine Group, which specializes in advising on the buying and selling of large corporations, with a view to a possible sale of the franchise. The owner confirmed this to The Athletic and there are already quite a few people interested.
“Interested people have inquired but want to move the franchise. They are therefore not candidates. We have been very clear on the subject. We told everyone that in order for this to sell, it has to stay in Minnesota. ” Taylor
Taylor explained that Raine had approached him because several people are interested in this buyout. If this offer was refused, the group has other candidates, and the files are currently under review.
Among those interested there is a certain Kevin Garnett. The latter announced on Instagram that he is part of one of the groups of investors eager to buy the franchise.
Taylor, 79, bought Wolves in 1995 for $ 88 million and according to Forbes it’s estimated at $ 1.38 billion. He would like at least $ 1.2 billion.
Remember that KG and the owner have been cold since his last visit to Wolves. Additionally, KG is the highest-grossing player in league history with $ 343.9 million.
Meanwhile, KG claims he is part of one of the groups wanting to buy the franchise. pic.twitter.com/S9ePkbj7iN
— Timberwolves France ???? (@TWolvesFr) July 21, 2020
Glen Taylor says Raine Group approached him with people interested in buying the team. That particular offer didn’t pan out, but the group has several other options available that are being explored.
— Jon Krawczynski (@JonKrawczynski) July 21, 2020
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