Feb 22, 2012; Minneapolis, MN, USA; Minnesota Timberwolves guard Luke Ridnour (13) celebrates his game-winning shot with owner Glen Taylor following the game against the Utah Jazz at the Target Center. The Timberwolves defeated the Jazz 100-98. Mandatory Credit: Brace Hemmelgarn-US PRESSWIRE
Minnesota Timberwolves and Lynx owner Glen Taylor has reportedly found his successor.
A while back, Minnesota Timberwolves and Minnesota Lynx owner Glen Taylor announced that he would be looking for a successor to own the teams, with a specific emphasis on finding a Minnesotan who would keep the teams in Minnesota.
It wasn't someone from the Twin Cities, but Taylor has reportedly indeed found his successor, according to Sid Hartman of the Star Tribune. The deal will reportedly have Taylor selling 25 percent of the franchises to the as of now unnamed buyer and eventually sell the majority of the teams:
"Yes, I have [found a buyer], and we're working on trying to put a deal together, and it would be a deal that would leave me involved for a number of years yet, but it would be a good transition," Taylor said Sunday.
"I will be an owner for a number of years but gradually bring in a partner, if this would work out. I'd bring in a partner and ... we'd work together. In the initial years, he would have less than 50 percent and then in the later years he would have more than 50 percent and would have the ownership."
The most important part of finding any owner was keeping the teams in Minnesota, and Taylor has insisted that they will indeed stay there as he will continue to own a share of the teams. That's good news for the Timberwolves and Lynx, hopefully more news will come out on who the mysterious new owner is soon.
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