Minnesota Timberwolves for sale: How much is the NBA team worth?

Kevin Garnett could well become second former NBA player to own a franchise after Michael Jordan, who is owner of Charlotte Hornets. Longtime Minnesota Timberwolves owner Glen Taylor is reportedly exploring several options with possibility of selling team firmly on table. Along with Kevin Garnett, Minnesota Vikings owner Zygi Wilf is also reportedly a serious candidate to purchase NBA franchise. 

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How much is Minnesota Timberwolves worth?

According to Forbes, Minnesota Timberwolves are worth $1.375 billion as of 2020.  Timberwolves are third least valuable franchise in NBA. Glen Taylor acquired franchise in 1994 for a reported $88 million. Glen Taylor, who has an estimated net worth of around $3 billion, is reportedly seeking around $1.2 billion for Timberwolves.  Under Taylor, team has seen little progress, making playoffs just once in last 15 years. Timberwolves were one of eight teams to t be invited for NBA restart after ended ir campaign with a dismal 19–45 record. 

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Minnesota Timberwolves for sale: Kevin Garnett and or potential suitors

While it remains unclear if NBA Hall of Famer can finance a deal of such magnitude to buy Timberwolves, former Celtics star has made it evidently clear that he is one of bidders for franchise. Garnett posted a mess to Twitter where he expressed his admiration for team and city of Minneapolis. Garnett, who started and ended his NBA career with Timberwolves, said he wants team to remain in city and challenge for championship. 

Since retiring in 2016, Kevin Garnett has endured a fractured relationship with current owner Glen Taylor. After latter reportedly backtracked on his promise to hand Garnett a role in team's manment - role which instead went to Tom Thibodeau -  44-year-old remained distant from his beloved franchise. 

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Meanwhile, Sportico reports Glen Taylor has retained services of Raine Group to oversee sale of Minnesota Timberwolves. Raine is already quite a big name when it comes to takeovers and investment into sports franchises and teams. y reportedly handled US equity firm Silver Lake's $500 million investment into City Football Group, parent owners of Premier League side Manchester City. Previously, Raine also helped FIFA raise funds for World Cup.

DISCLAIMER: figures for Timberwolves and Glen Taylor net worth are sourced from or websites/publications. This website does t guarantee 100% accuracy of figures.

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(Im Credits: AP, Minnesota Timberwolves Twitter Handle)