According to Scott Soshnick of Sportico, Minnesota Timberwolves’ owner Glen Taylor has retained The Raine Group, an international bank, in an effort to explore selling the team. Per the report, there are already multiple bids, and a possible sale could be done within one calendar month.
Glen Taylor is looking for at least $1.2 billion for the team that he bought for just $88 million back in 1995. The Minnesota Timberwolves ranked last in attendance this past season and last made the playoffs two years ago (their only appearance in the last 15 years).