July 22, 2020, 8:30 amKarl-Anthony TownsC, Minnesota Timberwolves
Wolves owner Glen Taylor has put the franchise up for sale, according to veteran sports business reporter Scott Soshnick of Sportico.
Taylor, who has owned the Wolves since 1995, didn’t want a public auction and instead opted to ask the Raine Group, an advisory firm specializing in mergers and acquisitions, to find a buyer without the usual fanfare that accompanies a franchise sale. There are several parties who have bid on the team already, with a group led by Kevin Garnett rumored to be one of them. A deal could be completed within a month and it could only be a step forward for a struggling franchise who is trying to build around Karl-Anthony Towns. The Wolves have made the playoffs just once in the past 15 seasons, while they were averaging 15,066 fans a game at the Target Center before the regular season was halted, placing them last in the 30-team National Basketball Association.