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Glen Taylor

AP Source: Wolves owner negotiating to sell minority share

Minnesota Timberwolves owner Glen Taylor has been searching for several years for an investor who would be willing to purchase a minority share of the team and let Taylor continue to run the show for a few more years before eventually taking over as the majority stakeholder.

Taylor discovered that most of those who were interested in buying the Wolves wanted to a majority share right away.

But as the NBA's popularity, and the value of the league's franchises, has skyrocketed, several potential investors have come forward who are interested in putting together the kind of succession plan Taylor had envisioned, a person with knowledge of the talks told The Associated Press...