Glen Taylor Has Buyer For Wolves/Lynx

During the offseason, the most interesting stories are the ones involving player transactions, or Russian acquisitions lighting up the Olympics together (more on that later today). But just because a story isn’t quite as interesting doesn’t mean it isn’t important. This is an important one, so listen up.

The Star Tribune is reporting that Glen Taylor, owner of the Timberwolves, has found the successor he has been searching for.

From the article:

Glen Taylorwho has owned the Timberwolves for 18 seasons and the Lynx for 13, has found the successor he has been looking for. In the near future, Taylor will close a deal to sell 25 percent of the franchises, and eventually the new owner will own the majority.

Unfortunately, the buyer is from outside the Twin Cities, but Taylor insists he will continue to own a share of the two teams and will make sure that they don’t move out of the state.

Taylor has said throughout this process that it is important to him that the new ownership keeps the Timberwolves in Minneapolis, which is why he was first searching for a buyer who lived in the Twin Cities. Apparently, no wealthy Minnesotan was willing to bite, so he had to go outside the state.

This might not mean much in the grand scheme of things. It’s possible that the new owner is a person who has ties to the Twin Cities. This would be ideal.

The problem is that Clay Bennett also said he was going to keep the Sonics in Seattle. Lipservice doesn’t mean much in this game. So while we certainly hope that Glen Taylor knows for a fact that this mystery person isn’t going to move the Wolves, and while we know that even if this mystery person DOES intend to move the Wolves, it won’t be for several years until Glen Taylor is completely out of the equation, if we discover that this owner lives in Kansas City, or some other city that has been pining for an NBA team, the fact that the new owner doesn’t live in the Twin Cities is a real cause for concern.