Minnesota Timberwolves Owner Glenn Taylor is officially selling the franchise. The 79 year-old, who is seeking at least $1.2 billion for the team, purchased it for $88 million back in 1995.
According to Shams Charania from The Athletic, Timberwolves legend, Kevin Garnett and a group of investors are seriously interested in purchasing the team.
NBA/Timberwolves legend Kevin Garnett and a group of investors are seriously interested in and exploring bid for Minnesota T’Wolves from Glen Taylor, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) July 21, 2020
Owner, Glen Taylor told Jon Krawczynski from The Athletic that several potential ownership groups have expressed interest in purchasing the Timberwolves and that he is seriously considering all options.
Garnett and Taylor have had a feud since 'KG's' days' at Minnesota. The former NBA Champion even came out on National TV and said Glenn 'doesn't know s**t' about basketball.'
The Timberwolves have made the playoffs just once in the past 15 seasons. They were also the last team in the NBA in 'average attendance per game', hosting only 15,066 fans per contest at the Target Center.
Glen Taylor, who is also the WNBA's Lynx owner, he thinks the Timberwolves and Lynx will remain under one house should a sale happen.
"The way I run it, it's all one thing. I would assume we would want to keep it that way and make it more efficient."