According to a report from Scott Soshnick of Sportico, long-time Minnesota Timberwolves owner Glen Taylor has hired The Raine Group to explore a sale of the franchise.
BREAKING: @Sportico Exclusive: @Timberwolves owner Glen Taylor has hired Raine to explore a sale of the #NBA franchise. Sources say offers have already been made:https://t.co/PTHN7NBKq0 #Sportsbiz pic.twitter.com/CWaUjvKWmb
— Scott Soshnick (@soshnick) July 21, 2020
Taylor, purchased the franchise for $88.5 million in 1995. He is also the primary stakeholder of the Minnesota Lynx, which he purchased in 1999.