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Group Loses Bid To Buy Timberwolves

The Big Ticket will not become the Big Owner -- Kevin Garnett's investment group is out of the race to buy the Minnesota Timberwolves, the ex-NBA star announced Thursday.

As we previously reported, billionaire Glen Taylor -- who has owned the team since 1995 -- began listening to offers to sell the team back in July 2020 ... with KG "seriously interested" in taking over the reins with a group of investors.

But, that dream is officially dead ... with Garnett sounding off on the outcome in a fiery Instagram post.