Wolves owner Glen Taylor seeks eventual successorPosted by Inside Hoops
Minnesota Timberwolves owner Glen Taylor is in the market for his eventual successor.
Taylor told The Associated Press on Friday that he is looking to add a minority partner who could buy a part of the team that includes an option to buy Taylor out after observing the day-to-day operations of running a professional sports team.
Taylor said he has yet to speak to any specific candidates, but made it clear that one of the biggest priorities for him will be a commitment to keeping the Timberwolves in Minnesota.
“I could find somebody to buy the team. That’s not my problem,” Taylor said at his office at Taylor Corp., a privately held printing and marketing giant. “I have to find someone that’s committed to here. It’s always best if it would be a Minnesotan. I’m telling you I don’t know that’s the way it’s going to work out. I haven’t had a lot of Minnesotans step up.”
There has long been speculation about who would take over for Taylor, who saved the Wolves from moving to New Orleans when he purchased the team in 1994. Now, Taylor thinks the timing is right to open up the search.
– Reported by the Associated Press