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RATNER SAYS ASKING PRICE FOR WOLVES IS FIRM
Published January 27, 1995
Timberwolves Owner Harvey Ratner said he and his partner Marvin Wolfenson cannot afford to accept less money for their sale of the team. Ratner and Wolfenson have agreed to sell the team to Glen Taylor for $88.5M contingent on the buyout of the Target Center, which has been held up due to tax problems. Ratner called the problems "not our fault," adding "they should have done their homework before they made the proposal. ... We can't afford to accept (less). We still owe $76 million on the (Target Center). ... Somebody will pay it. I just don't know who or how" (Charley Walters, Minneapolis STAR-TRIBUNE, 1/26).