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Wolves’ Taylor to Sell Partial Stake to Grizzlies Partner?



Minnesota Timberwolves owner Glen Taylor is engaged in serious talks to sell an approximate 20 percent stake in the franchise to a group led by Memphis Grizzlies minority partner Steve Kaplan, league sources told Yahoo Sports.

For the Kaplan group, a significant motivation in purchasing the minority share of the Timberwolves is vested in hopes to position itself to buy the majority stake once Taylor decides to sell in the future, sources said. Nevertheless, whatever its wishes, there’s no assurance Kaplan’s group would have an inside track on eventual majority ownership

Source: Adrian Wojnarowski of Yahoo Sports

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