Due to the difficulties lead buyer Steve Kaplan is having disposing of his minority stake in the Memphis Grizzlies, the sale of 30% of the Timberwolves remains on hold. What does it mean for the short-term future of our beloved Wolves?
Jon Krawczynski of the Associated Press reported yesterday that the deal between Glen Taylor and a group led by Steve Kaplan to sell Kaplan and partners a 30% share in the Timberwolves with an option for majority ownership is on hold as of now due to Kaplan's difficulties in extricating himself from his ownership stake in the Memphis Grizzlies.