Minnesota ownership change in jeopardy?

Post #21 » by **Rafael122** » Thu Mar 28, 2024 3:38 pm

Forbes has Minnesota up to $2.5 billion, so within the last year, the team's valuation went up $1 billion. That's pretty significant.

MemphisX · Post #22 » by **MemphisX** » Thu Mar 28, 2024 3:39 pm

“I will continue to work with Marc, Alex and the rest of the ownership group to ensure our teams have the necessary resources to compete at the highest levels on and off the court,” said Taylor. “The Timberwolves and Lynx are no longer for sale.”

Effigy · Post #23 » by **Effigy** » Thu Mar 28, 2024 3:41 pm

Do they not technically still have 3 days to get the money? I get that's probably impossible, but it's not the 31st yet.

life_saver · Post #24 » by **life_saver** » Thu Mar 28, 2024 3:41 pm

Read on Twitter

Post #25 » by **dockingsched** » Thu Mar 28, 2024 3:46 pm

Effigy wrote:Do they not technically still have 3 days to get the money? I get that's probably impossible, but it's not the 31st yet.

Based on the press release, the deadline was yesterday, not the 31st.

F Saunders · Post #26 » by **F Saunders** » Thu Mar 28, 2024 3:49 pm

Really hoping this isn't true, as Taylor is the worst owner in sports in my opinion, but if it is, Lore & ARod should have listed to KG...

KembaWalker · Post #27 » by **KembaWalker** » Thu Mar 28, 2024 3:51 pm

So Glen gets a major capital injection and maintains ownership? Damn, impressive bit of scamming there. I don’t get why the BOG approved a sale to owners that obviously couldn’t afford the team to begin with

Post #28 » by **Mavrelous** » Thu Mar 28, 2024 3:58 pm

KembaWalker wrote:So Glen gets a major capital injection and maintains ownership? Damn, impressive bit of scamming there. I don’t get why the BOG approved a sale to owners that obviously couldn’t afford the team to begin with

Yeah, if they were struggling to secure a loan it means they have very shaky financial foundation (for an NBA owner, I wish I had 1/100th of their financial foundation), this should be good news for the fans.

brutalitops · Post #29 » by **brutalitops** » Thu Mar 28, 2024 3:59 pm

KembaWalker wrote:So Glen gets a major capital injection and maintains ownership? Damn, impressive bit of scamming there. I don’t get why the BOG approved a sale to owners that obviously couldn’t afford the team to begin with

Next step is sell Gobert/Towns and get us under the cap so he can REALLY make money not paying the tax and holding Edwards to his 5 years

Lowkey worst owner in the NBA

Post #30 » by **dockingsched** » Thu Mar 28, 2024 3:59 pm

Woj is doing some heavy PR on behalf of Taylor this morning lol. should get a favorable article soon I bet, then you'll see all the wolves breaking news coming from him over the next year :lol:

strokerace · Post #31 » by **strokerace** » Thu Mar 28, 2024 4:00 pm

I'm sure Taylor is another ultra rich scumbag but I can't blame him. Seems like a case of dudes spending money that they didn't have to begin with. Bummer that this cloud exists over a team that is bringing a lot of hype to its fans for a change. I'm sure that the real fighting between these guys is just beginning.

JustBuzzin · Post #32 » by **JustBuzzin** » Thu Mar 28, 2024 4:01 pm

Broke Boyz ain't got that bread.

Sealab2024 · Post #33 » by **Sealab2024** » Thu Mar 28, 2024 4:08 pm

brutalitops wrote:
KembaWalker wrote:So Glen gets a major capital injection and maintains ownership? Damn, impressive bit of scamming there. I don’t get why the BOG approved a sale to owners that obviously couldn’t afford the team to begin with

Next step is sell Gobert/Towns and get us under the cap so he can REALLY make money not paying the tax and holding Edwards to his 5 years

Lowkey worst owner in the NBA

Unfortunately this is way too real. I was never that thrilled with the ARod/Lorre group as I don't trust ARod or anyone who seems close to him as far as I could throw them, but I did believe in the short term they would be willing to inject capital and give this team what it needs. Now I know for a fact Taylor ain't gonna do anything but continue to hamstring this team.

Also, if I'm Tim Connelly, I'm livid as I never agreed to work long term for someone like Glen.

azcatz11 · Post #34 » by **azcatz11** » Thu Mar 28, 2024 4:11 pm

That’s pretty embarrassing. How can you not have the financing lined up? I wonder if this is an Elon musk situation with twitter and they wanted to pull out…I have so many questions.

ARod is a fraud

Roger Murdock · Post #35 » by **Roger Murdock** » Thu Mar 28, 2024 4:12 pm

The devil you know Twolves fans

An ownership group too poor to buy your team would be a downgrade. This is a good thing

jokeboy86 · Post #36 » by **jokeboy86** » Thu Mar 28, 2024 4:14 pm

A-Rod lying and fronting? I’m shocked

Sealab2024 · Post #37 » by **Sealab2024** » Thu Mar 28, 2024 4:14 pm

Roger Murdock wrote:The devil you know Twolves fans

An ownership group too poor to buy your team would be a downgrade. This is a good thing

You can't downgrade from the worst winning percentage in American sports. Not just basketbal, all sports.

chrisab123 · Post #38 » by **chrisab123** » Thu Mar 28, 2024 4:19 pm

Its going to be awhile before KG considers himself as anything else but a Celtic.

MemphisX · Post #39 » by **MemphisX** » Thu Mar 28, 2024 4:20 pm

Glen Taylor would have never done the Gobert deal alone.

Effigy · Post #40 » by **Effigy** » Thu Mar 28, 2024 4:27 pm

Taylor will wait until Edwards forces his way to the Lakers and then sell and pick up an extra billion or 2.