It appears that Glen Taylor cannot own the Minnesota Timberwolves for much longer.
The billionaire entrepreneur hired The Raine Group to sell his franchise, three people told Sportico’s Scott Soshnick.
This development is expected to interest Warriors fans worldwide because Golden State owns the first three protected from the first round protected by the 2021 of the Timberwolves (which is not protected in 2022).
And if Golden State doesn’t trade that activity this low season, Dub Nation will follow Minnesota’s 2020-21 season closely – with most agreeing that the Warriors end up with choice no. 4 in the NBA 2021 Draft as the best scenario.
This can only happen if former Golden State guard Angel Russell and his teammates lose many games (plus a little luck in the lottery), which is not certain. It could be argued that a change of ownership will lead to some turbulence and uncertainty around the organization, which will have a negative impact on the product on the field.
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But again – if you consider the fact that the T-Wolves have made the playoffs once in the past 16 seasons – a new owner could immediately lead to more wins.
Or the sale will have no impact on Minnesota’s record for next year. Only time will tell.
Regarding some details about the potential transaction, Soshnick writes:
“There are several parties who have made an offer for the team, two people said. An agreement could be completed within a month, one of the people said … Taylor is seeking at least $ 1.2 billion for the franchise that Forbes says it’s worth $ 1.38 billion, said one of the people. “
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The Warriors will certainly pay attention to this developing story, which has already developed:
Kevin Garnett and his team are preparing an offer to submit to Glen Taylor for the purchase of the Timberwolves, sources tell @TheAthleticNBA @Stadium. https://t.co/uYvqYOzMKz
– Shams Charania (@ShamsCharania) July 21, 2020
Stay tuned.
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