SBD/September 20, 2012/Franchises

Glen Taylor Talks Of Possible Successors As T'Wolves Owner

Taylor says that any future owner would have to keep the T'wolves in Minnesota
Timberwolves majority Owner Glen Taylor “no longer is considering just one prospect to succeed him," according to Charley Walters of the ST. PAUL PIONEER PRESS. Taylor on Tuesday said, "At first I opened it up to just one person and said I would 'hold it for you for a while,' but when we didn't get a deal done, I told that person there are other people who had made inquiries and that I'm going to talk to them, and that's what I'm doing now." Taylor, who also owns the WNBA Lynx, in July said he and a prospective buyer "sort of" had an understanding for a deal before the coming season. He would not reveal “the new interested parties, but including the initial prospect there now are believed to be three inquiring about obtaining majority interest in the Wolves.” Taylor: "I continue to meet with several different parties who appear to have interest in completing a deal. I'll be patient and see if it works out." Taylor said that whoever "ends up with the Wolves, that person or group would be required to keep the franchise in Minnesota.” He also said that he has “received calls from people who would try to move the Timberwolves if they could buy the team.” Taylor: "But that's not part of the conversation." He added that there is “no time frame for a transaction.” Taylor said, "I'm not anxious, and I'm not in a hurry" (ST. PAUL PIONEER PRESS, 9/20).
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