SBD/19/Franchises

TIMBERWOLVES BIDDER WANTS TO TAKE THE TEAM PUBLIC

     Glen Taylor, who is lining up the deal to purchase the
Timberwolves, said that he would like to make the team a public
corporation similar to ownership of the Celtics.  Taylor is
lining up backers for a limited partnership to put up the $45M in
equity needed for the $88M deal.  Taylor told MN Public Radio
that one option he and his group is interested in "is taking on
additional citizens."  Taking the team public "is becoming a key
component in Taylor's efforts to lure individual investors into
the money pool he needs to purchase the team" (CHICAGO TRIBUNE,
9/18).
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