A report emerged last night that Glen Taylor is negotiating to sell a 20% stake in the franchise to a group led by Steve Kaplan and Jason Levien, both of whom have been part owners in the NBA previously.
Adrian Wojnarowski of Yahoo Sports reported last night that Glen Taylor is in significant negotiations to sell a 20% stake in the Timberwolves to a group headed by Steve Kaplan, who currently owns a minority share in the Memphis Grizzlies, Jason Levien, who was part of ownership groups in both Philadelphia and Memphis but left both (as well as an earlier job with the Kings) under less than ideal circumstances, and two wealthy Indonesian businessmen, one of whom, Erick Thohir is an owner of DC United in MLS (along with Levien) as well as Italian football giant Inter Milan.