SBD/June 24, 2013/Franchises

Minnesota Fats: T'Wolves Owner Glen Taylor Buys Out Six Partners

Taylor has been the majority owner of the T'Wolves since '94
T'Wolves Owner Glen Taylor for the past several months “has been looking for a buyer for the club who would originally own a portion of the team and then eventually would take over majority ownership,” but after “not finding a suitable partner, Taylor changed his mind and bought the stock holdings of six partners who wanted out,” according to Sid Hartman of the Minneapolis STAR TRIBUNE. Taylor said, “I was looking at bringing somebody else in to do that, and it never worked out. So I just had told the partners that wanted to sell out, that had been with me for about 18 years, that if they wanted to sell out that I would buy their stock.” Hartman noted following the hiring of President of Basketball Operations Flip Saunders, Taylor “seems more involved than ever and he is probably more excited about this draft than any in recent memory” (Minneapolis STAR TRIBUNE, 6/24).
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