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08:10 AM ET 07.30 | Glen Taylor, who owns the Timberwolves and the Lynx, has apparently found his successor. In the near future, Taylor will close a deal to sell 25 percent of the franchises, and eventually the new owner will own the majority. Unfortunately, the buyer is from outside the Twin Cities, but Taylor insists he will continue to own a share of the two teams and will make sure that they don't move out of the state. "Yes, I have [found a buyer], and we're working on trying to put a deal together." ... "In the initial years, he would have less than 50 percent and then in the later years he would have more than 50 percent and would have the ownership." Until the papers are signed, Taylor refuses to reveal the future owner's name.

Kevin Love, Icon Sports

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July 30, 2012 09:32 AM ET

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QUOTE(#1):

Originally posted 08:30 AM ET 07.30 by jgb

If Kahn is part of the long term plans.....I'd pass on the deal

You don't believe in Kahn's long-term vision for the franchise? :)

El_Tiny Hippo

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July 30, 2012 10:14 AM ET

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There Is A Sucker Born Everyday, Bro.

I Love LA

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July 30, 2012 01:28 PM ET

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KAAAAAAAAAAAAAAAAAAAHHHHHHN!

h2opololpunk

Gainesville, FL

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July 30, 2012 05:09 PM ET

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Taylor is a great guy if you ever get achance to meet him, but he's the reason for the T-Wolves position. His loyalty to his employees is and has been the T-Wovles downfall. McHale stayed about 6 seasons too longbecause Taylor wouldn't fire him. They always had a "heart to heart" talk after each season and McHale could talk Taylor into 1 more season...and 1 more season. When Taylor finally pulled the trigger it didn't make too much of a difference.

KG, now Kahn....

In professional Sports it's eat or be eaten, and you need to be able to fire your friends if it's in the best interest of the club....that's something Taylor can't do.