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SBD/February 5, 2014/Facilities
T'Wolves, Lynx Partner With Mayo Clinic On Downtown Practice, Sports Medicine Facility
Published February 5, 2014
FEELING MINNESOTA: In Minneapolis, John Vomhof Jr. notes T'Wolves Owner Glen Taylor last year "explored a possible sale" of the team. But Taylor changed his mind because he "realized he was too excited about the franchise's improving on-court performance and its prospects for returning to profitability thanks to the NBA's recently revamped financial structure." Taylor’s decision to explore selling the T'Wolves "was born out of a broader" estate-planning process." His various other businesses are "set up to operate through trusts, but that’s not an option for the Wolves, because the NBA doesn’t allow it." With "no family member in position to inherit the club," the T'Wolves "would have to be sold if anything happened to Taylor." Minority Owner Bill Popp said that the hiring of President of Basketball Operations Flip Saunders and the arena renovation "have helped provide new energy." Taylor: "As long as I’m healthy and I continue to have really good people making the day-to-day decisions, I probably could stay at it for quite awhile." He still hopes to "eventually bring on a minority investor who can be his successor in waiting, but he’s not in any rush" (MINNEAPOLIS/ST. PAUL BUSINESS JOURNAL, 1/31 issue).