Episode Details

Glen Taylor’s $94 million 1994 purchase of the Minnesota Timberwolves ended in a stunning windfall for him — and a painful lesson for fans. After years of controversial moves, including hiring David Kahn who famously passed on Stephen Curry and making awkward comments about Kevin Love, Taylor sold his team to Marc Lore in 2021 for $1.5 billion. But with NBA franchise values skyrocketing, that deal now looks like a bargain. Just last month, Lore flipped his stake to Marc Stad for $4.5 billion — more than double what Taylor originally got. The sale was complicated, involving staggered payments and a drawn-out transition, but the market’s explosion made it clear Taylor’s exit wasn’t just a win — it was a massive, unexpected profit for those who stayed.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/d3118a805a483e21