The Minnesota Timberwolves are up for sale and former NBA guard Arron Afflalo wants to buy the franchise.
According to Pat Graham and Dave Campbell of the Associated Press, Afflalo is leading a group that is putting together an offer to buy the Timberwolves.
An ownership group led by longtime NBA player Arron Afflalo is putting together an offer to buy the Minnesota Timberwolves, two people with knowledge of the bid said.
The people spoke to The Associated Press on condition of anonymity Friday because the deal was still in the process of being submitted. The group will consist of two to five individuals with a net worth of more than $10 billion. According to the people, Afflalo’s group will submit the bid no later than this weekend.
Timberwolves owner Glen Taylor won't be selling the team to a group that wants to relocate the franchise. Afflalo’s group wants the Wolves to stay in Minnesota, so he'll at least get a chance to sit at the table with Taylor and Co.
Afflalo would be the face of the group, with venture capitalist Brock Berglund spearheading the money. The former NBA veteran is looking to become just the second African American owner in the NBA. Right now, Michael Jordan is the only one.
Taylor bought the Timberwolves in 1994 to keep the franchise from moving to New Orleans. Hall of Famer Kevin Garnett, the best Minnesota player of all-time, is interested in purchasing the Wolves as well.
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