UPDATE: 9:01 PM -
Kevin Garnett posted his intention to bid on the Timberwolves and Lynx franchise on his Facebook account.
UPDATE: 5:11 PM -
Taylor bought the Timberwolves for $88 million in 1994. The team enjoyed success for much of the late-90's and early 2000's but have stayed near the bottom of the NBA standings for most of the last 15 years. The team made the playoffs in 2018 for the first time since 2004.
The Raine Group, founded by Joe Ravitch and Jeff Sine, in partnership with WME Entertainment, has previously helped FIFA raise capital for the World Cup and helped complete a $500 million investment deal between Silver Lake and Manchester City of the EPL according to the article.
News Talk 830 WCCO has reached out to both The Timberwolves and The Raine Group but has not gotten a response from either group.