October 23, 2016 8:11 AM ET


Company Overview of Minnesota Timberwolves Basketball Limited Partnership

Company Overview

Minnesota Timberwolves Basketball Limited Partnership (MTBLP) offers sports and entertainment services. The company owns and manages the Minnesota Timberwolves professional basketball team that plays in the National Basketball Association. Additionally, it offers sport merchandise retailing and marketing services. Minnesota Timberwolves Basketball Limited Partnership was founded in 1989 and is headquartered in Minneapolis, Minnesota.

600 First Avenue North

Minneapolis, MN 55403

United States

Founded in 1989





Key Executives for Minnesota Timberwolves Basketball Limited Partnership

Chief Executive Officer
Age: 74
Head Coach and President of Basketball Operations
President of Basketball Operations
Age: 61
Compensation as of Fiscal Year 2016.

Minnesota Timberwolves Basketball Limited Partnership Key Developments

Glen Taylor Reportedly In Talks To Sell Stake In Minnesota Timberwolves

Gle Taylor sold his shares in Minnesota Timberwolves Basketball Limited Partnership. Taylor sold shares to Lizhang Jiang. In addition, Taylor has sold a share of the team to Meyer Orbach. Taylor to remain the controlling owner of Minnesota Timberwolves. Meyer Orbach agreed to acquire 9.5% of the team while Lizhang Jiang will be brought in at 5%.

The Minnesota Timberwolves Announces Executive Appointments

The Minnesota Timberwolves hired Tom Thibodeau to guide their NBA team making the former Chicago Bulls bench boss the head coach and president of basketball operations. The Timberwolves also brought in Scott Layden as general manager. Layden was the San Antonio Spurs' assistant general manager after previously working in the front office for the New York Knicks and Utah Jazz.

Minnesota Timberwolves Owner Glen Taylor Talks To Sell 30% Of NBA Team

Minnesota Timberwolves Basketball Limited Partnership owner Glen Taylor proceeding with talks to sell 30 percent of the NBA team to a group led by Los Angeles private-equity investor Steve Kaplan.

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