Glen Taylor, Minnesota Timberwolves owner. (Photo by Elsa/Getty Images)
Does the pending sale of the Utah Jazz impact the value of the Minnesota Timberwolves?
The Minnesota Timberwolves have reportedly been available for purchase since the middle of summer. As of yet, nothing has come to fruition.
The Utah Jazz, on the other hand, were somewhat unexpectedly sold. After the Miller family owned them for 35 years, they entered into a purchase agreement with Utahan and tech CEO Ryan Smith last week for a total of $1.66 billion.
That begs the question, does the pending purchase of the Utah Jazz have any impact on the value and eventual sale of the Minnesota Timberwolves?