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Glen Taylor

AP Source: Timberwolves adding NBA's 1st Chinese owner

Minnesota Timberwolves owner Glen Taylor is bringing in two new minority partners to his ownership group, including the NBA's first Chinese owner, a person with knowledge of the situation told The Associated Press.

Shanghai investor Lizhang Jiang and New Jersey real estate mogul Meyer Orbach are joining the Timberwolves' ownership group, the person said Monday on condition of anonymity because the deal has not been finalized. The person said Orbach has agreed to acquire 9.5 percent of the team while Lizhang will be brought in at 5 percent. The 35-year-old Lizhang works in sports marketing in China.

The NBA has long been heavily invested in growing the game in China, with...

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