The Free Press, Mankato, MN

Local News

December 7, 2012

Righting the ship: Taylor repositions, grows company

(Continued)

NORTH MANKATO —

Patients can control the device with a remote control and adjust volume and other settings.

 

Timberwolves successor

 

While Taylor is comfortable the team he is building at Taylor Corp. will be able to move the company forward if something happens to him, his Timberwolves NBA team is a different matter.

“The Timberwolves are different. The NBA needs someone running it if something happens to me. I thought I needed to find someone to be a limited partner and eventually buy me out.”

Taylor is the biggest reason the Timberwolves are still in Minnesota, having saved the team from moving to New Orleans when he bought the franchise in 1994.

Taylor said selling the team would be no problem, but he wants to bring in a partner and eventual owner who will keep the team in Minnesota.

He’s in no rush to sell the team and has not set a timetable.

“I have parties interested, but it’s a complicated process.”

Taylor believes the groundwork has been done to maintain a successful franchise in Minnesota.

As chairman of the NBA’s Board of Governors, Taylor helped negotiate a new collective bargaining agreement with NBA players that cover the next 10 years.

And, as part of the Vikings stadium bill, the Timberwolves home arena — Target Center — will get a massive renovation.

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