The Minnesota Timberwolves are up for sale and the franchise’s legend Kevin Garnett is part of the group of investors looking at buying the team. Current owner Glen Taylor had retained the Raine Group in order to sell the franchise. He recently said that he had received a number of bids. Taylor said that he has received bids from some that look to move the franchise, which is a non-starter.
“People have inquired who are interested, but they want to move the team,” Taylor said, adding that the WNBA’s Lynx would likely be included in any deal. “They are not a candidate. We’ve made that very clear. Everybody’s been told it has to stay in Minnesota.”
Taylor bought the franchise in 1994 for just under $90m and has sold a few minority stakes recently. Forbes has tagged the franchise to be worth 1.38billion and Taylor has said to want at least 1.2 billion for the franchise. Garnett took to Instagram on Tuesday, replying to a post about the potential sale of the Timberwolves, “I’m one of the groups trying. … LAWD PLSS LET MY GROUP GET THIS.”
He also wrote on Twitter, “My passion for the Minnesota Timberwolves to be a championship team is well known but I have a deeper affection for the city of Minneapolis. I once again want to see Minneapolis as the diverse and loving community that I know it is. “No two people love the city more than myself and Glen Taylor and I look forward to trying to work with him to achieve my dream.”
Garnett has said that he would like to own a small stake in the franchise but only if Taylor would sell him as the two had a falling out during his time with the franchise. According to Garnett, Taylor backed out of an arrangement with former coach Flip Saunders – in which Garnett would join the team’s front office and/or ownership group following retirement – after Saunders’ death in 2015.