Group Created with Sketch.
Volume 24 No. 112
  • Created with Sketch.
  • Created with Sketch.
  • Created with Sketch.

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).