For the past several months, Timberwolves owner Glen Taylor 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.
“I was looking at bringing somebody else in to do that, and it never worked out,” Taylor said. “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. I had about half of them do that, the other half stayed in. I just left that option up to them. They made their decisions, and everybody is happy with how it worked out.”
So now with the hiring of Flip Saunders as president of basketball operations, Taylor seems more involved than ever and he is probably more excited about this draft than any in recent memory.
Reported by Sid Hartman of the Minneapolis Star Tribune
