The Wilf household that owns the Minnesota Vikings has emerged as a severe candidate to purchase the Minnesota Timberwolves, league sources informed ESPN.
Solely lately did the Wilfs emerge as one of many teams bidding to purchase the NBA staff of their metropolis from billionaire Glen Taylor, sources mentioned. There are a number of bidders for the staff, together with metropolitan New York actual property developer Meyer Orbach, who purchased a minority stake within the Timberwolves in 2016. Former Timberwolves’ standout Kevin Garnett additionally mentioned he is forming a gaggle to attempt to buy the staff.
However the Wilfs look like in a main spot right now to purchase the staff, although a call on the sale may not be made till September, sources mentioned.
Taylor has owned the staff since 1994, when he purchased it for about $88 million. He has retained The Raine Group to promote the franchise. He’s in search of not less than $1.2 billion that has been valued at near $1.four billion.
The Wifs purchased the Vikings from Pink McCombs in 2005 for $600 million. The franchise’s worth now possible could be properly over $three billion. Zygi Wilf is the Vikings’ principal proprietor, Mark Wilf is the president and co-owner and Leonard Wilf is co-owner and vice chairman. They’ve been energetic in Minnesota, getting U.S. Financial institution Stadium constructed, constructing a state-of-the-art coaching facility for the Vikings, after which simply final month, donating $5 million to numerous social justice causes on prime of the $5 million they donated to COVID-19 reduction.
Now their scope and energy in Minnesota may very well be increasing. They’re in pursuit of a Timberwolves’ staff that might give their household a sports activities empire in Minnesota.
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