Arron Afflalo's Investment Group In Talks To Purchase Wolves
Arron Afflalo is leading an investment group in talks to purchase the Minnesota Timberwolves and Minnesota Lynx.
Afflalo is partnering with entrepreneur Jay Bloom and several other investors to purchase a purchase the teams from Glen Taylor. Affllalo\'s playing experience and relationships across the league would aid the transition into the NBA for a group of prospective owners that do not have sports ties, and Bloom helped recruit the financial backing to make a serious bid.
Afflalo\'s group first expressed interest in July, but Taylor entered a 30-day exclusive negotiating agreement with Daniel Straus. The exclusivity has since expired without an agreement with Straus, opening the door for Afflalo’s group to make a push.
The Straus Group remains interested in completing a deal, but talks have stalled.
Taylor has sought assurances from prospective owners that they won\'t relocate the franchise from Minnesota.
