Out Of The Woods

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FRANCHISE CENTRAL

2015-2016
REC:
HOME:
AWAY:
DIVISION:
CONFERENCE:
POWER RNK:

SIGNINGS:
RELEASES:
TRADES:
HONOREES:
DRAFTS:

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MINNESOTA BILLIONAIRE SELLS CLUB
FRANCHISEE GLEN TAYLOR PARTS WITH TIMBERWOLVES

(AP)-- Changes are coming in Minneapolis, Minnesota. The current- now former majority franchisee, Glen Taylor has officially sold the Minnesota Timberwolves to an investing group that includes the Jacksonville Jaguars' franchisee, Shahid Khan.

In 1994, Glen Taylor purchased the Minnesota Timberwolves with a group of minority investors helping the Franchise stay in Minnesota before relocating to New Orleans. Taylor spreaded his for fortune, purchasing the Minnesota Lynx of the WNBA five years after. Glen Taylor has admitted previously to be on the search of a Minnesota-based group of investors to succeed Taylor's retirement. With no fruits to bare in his succession plan, other businessmen have approached Taylor and his advisers on buying the franchise, including buying out Flip Saunder's share of ownership.

Under the helm of Glen Taylor, The Minnesota Timberwolves have been one of the worst teams in recent NBA history. Last season, the Timberwolves recorded a 16-66 record. Prior to that, Taylor failed to come to terms with Kevin Love on a max contract that would have kept Love in Minnesota for 5 years. In return to trading Love, Minnesota received two #1 overall picks in the draft, Anthony Bennett and Andrew Wiggins. Since 2000, the Minnesota have only cracked the top 20 in attendance five times, along with having one successful season back in the 2006-2007 campaign, which ultimately saw Kevin Garnett depart from Minnesota to Boston. The Timberwolves have not made the playoffs since 2004 and since 2008, the franchise have not had a profitable season. Not to mention the Joe Smith scandal that happened back in 1998.

With the NBA approving the purchase, Shahid Khan expands his sports empire in the United States and overseas. With an estimation figure around $950 Million, the new franchisee of the Minnesota Timberwolves, Shahid Khan now surpasses Malcolm Glazer as the second businessman to own the most professional sports organization. The Minnesota Timberwolves were in the new hands of a franchisee, Khan is expecting to hold a press for Q&A on it's future.

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RIGHTING WRONGS: GREEN ALWAYS MAKE SENSE
FRANCHISEE SHAHID KHAN TO MOVE TIMBERWOLVES TO SEATTLE?

(AP)-- After time and time again, the NBA had shut down any hope of seeing Seattle Basketball return. Since 2008, the Seattle fans around the world have always pondered, "when will they ever see Seatle basketball again?", "will we be ever to get a team here or a team expansion." For years, the answer was no. In 2016, the answer is, "Yes, Seattle, yes."

The new franchisee of the Minnesota Timberwolves, Shahid Khan had recently disclosed his future plans with the franchise in his inaugural NBA press. "There's no words to say to help ease any pain for the lifelong fans here in Minnesota. The support and faith of the fans for this organization is invaluable. But I, on the behalf of organization have decided to move on and relocate the Minnesota Timberwolves to Seattle. The 2015-2016 season will be our farewell campaign."

This new plan, known as the "Seattle Process" sees Chris Hansen, the leader of a Seattle group of investors, fall back into the mix securing an NBA team in Seattle. While Hansen was unsuccessful in purchasing the Sacramento Kings and Minnesota Timberwolves, Hansen has been working hard on the future of Seattle sports. In 2012, a new arena design proposal was unanimously approved by the Seattle City Council and the King County Council with a 7-2 vote. On September 2015, the Seattle Design Commission approved on the project, which now is built by 2017. It is unclear what Hansen's role is in with Khan's decision to move to the team to Seattle, but Seattle investors has expressed interest in buying minority ownership of the basketball club.

The Minnesota Timberwolves are set to play their final season in the Target Center as their farewell season. For the 2016-2017 season, the Timberwolves, assuming to be by then, the Seattle Supersonics, will play one season in the Key Arena. By the 2017-2018 season, the Seattle Arena will be open to host it's first NBA game in ten years.

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MINNESOTA TIMBERWOLVES 2015-2016 ROSTER

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MINNESOTA TIMBERWOLVES TEAM INTEL