The Minnesota Timberwolves and the NBA Development League today announced the final sale of majority ownership in the Iowa Energy to Glen Taylor.

More information regarding management of the team and an introduction to team ownership will be forthcoming at a future announcement in Des Moines.

The Timberwolves are now one of 25 NBA teams to own or operate a Development League affiliate team.

It’s assumed that eventually, all 30 NBA teams will own their own D-League squad.