Timberwolves owner Glen Taylor, who kept the team in Minnesota after purchasing it in 1994, is looking for an eventual successor, he tells Jon Krawczynski of the Associated Press. Taylor said that he's searching for a minority partner that would have the option to buy out Taylor's portion of the team in the near future.
Glen Taylor Looking For Eventual Successor To Own Minnesota Timberwolves
Minnesota Timberwolves owner Glen Taylor says he’s begun a search to find his eventual replacement.
Presswire
“I could find somebody to buy the team. That’s not my problem,” Taylor said at his office at Taylor Corp., a privately held printing and marketing giant. “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.”
Taylor is the chairman of the Board of Governors and a longtime David Stern ally. He purchased the Timberwolves in 1994 when it looked likely that they would move to New Orleans. He is also currently working on a proposal to fund renovations for Target Center, the Timberwolves’ arena since the franchise entered the league in 1989, in the hopes of recruiting a prospective buyer.
Taylor also said that it’s “in the best interest” of the city to have a successor in place in case his health gets worse. The 71-year old Taylor is healthy now, but wanted to have a contingency plan just in case.
For more on the Timberwolves, visit Canis Hoopus and SB Nation Minnesota.
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