RATNER SAYS ASKING PRICE FOR WOLVES IS FIRM
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).