Kevin Garnett part of investment group ‘seriously interested’ in buying Timberwolves

Minnesota Timberwolves legend Kevin Garnett is reportedly part of a group of investors looking to purchase the franchise from CEO Glen Taylor.

Shams Charania of The Athletic broke this news on Tuesday evening.

NBA/Timberwolves legend Kevin Garnett and a group of investors are seriously interested in and exploring bid for Minnesota T’Wolves from Glen Taylor, sources tell @TheAthleticNBA @Stadium.

— Shams Charania (@ShamsCharania) July 21, 2020

Garnett, of course, began his legendary NBA career with the Timberwolves, playing for the NBA franchise from 1995-2007.

Glen Taylor exploring sale of Minnesota Timberwolves

This breaking news comes on the heels of a report Tuesday that Taylor has retained The Raine Group, an international bank, as he explores the sale of the NBA franchise.

According to Scott Soshnick of Sportico, offers have already been made.

BREAKING: @Sportico Exclusive: @Timberwolves owner Glen Taylor has hired Raine to explore a sale of the #NBA franchise. Sources say offers have already been made:https://t.co/PTHN7NBKq0 #Sportsbiz pic.twitter.com/CWaUjvKWmb

— Scott Soshnick (@soshnick) July 21, 2020

Per the report, Taylor is asking for at least $1.2 billion for the franchise that he purchased for the relatively low price of $88 million back in 1995.