Glen Taylor buys, sells stakes in Timberwolves

Glen Taylor spoke about his team's rising value, interim coach Ryan Saunders and the future of the franchise.

SID HARTMAN @SidHartman

Timberwolves owner Glen Taylor reported the sale of some of the stakes in the franchise, with Chinese investor Lizhang Jiang selling his five percent ownership in the franchise back to Taylor. Meyer Orbach, who bought 9.5 percent of the team in 2016, is in line to buy any shares Taylor sells.

The value of the Wolves keeps going up — Forbes put it at $1.26 billion earlier this year — something Taylor said he never expected.

“I think [the team’s value] went up about 19 percent, which is an awful lot, but everybody else’s went up, too,” he said. “It is just…