Minnesota Timberwolves owner Glen Taylor takes team off the market, will not sell
By Nam Huynh
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-USA TODAY Sports
Minnesota Timberwolves owner Glen Taylor reportedly began the process of looking to sell the team about this time last year.
He changed his mind.
Taylor decided to take the team off the market and will not sell it, according to Brian Windhorst of ESPN.com. Taylor will also give some ownership stake as part of an agreement with Flip Saunders, the team’s new president of basketball operations.
In February, NBA commissioner David Stern described Taylor as not an “anxious seller.”