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February 14, 2016 11:02 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: 73
President of Basketball Operations
Age: 60
Senior Vice President of Marketing and Communications and Chief Marketing Officer
Compensation as of Fiscal Year 2015.

Minnesota Timberwolves Basketball Limited Partnership Key Developments

Glen Taylor Is In Talks To Sell Stake In Minnesota Timberwolves Basketball

Glen Taylor is in serious talks to sell an approximate 20% stake in Minnesota Timberwolves Basketball Limited Partnership to a group led by Steve Kaplan.

Minnesota Timberwolves Interested In Prospective Buyers

Minnesota Timberwolves Basketball Limited Partnership will consider sale. Ted Johnson, Chief Marketing Officer of Minnesota Timberwolves Basketball said that the team is "fielding requests and entertaining requests" but that no sale process is currently taking place. Glen Taylor would consider offers from potential minority investors. The team has not hired an investment bank and no sale process is currently taking place.

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