Tag: Wilf Family

Report: Vikings’ Wilf family ‘isn’t actively pursuing’ Timberwolves

There are no active talks between Timberwolves owner Glen Taylor and the Wilfs, according to a report from the Star Tribune.

The Wilfs, the owners of the Minnesota Vikings, have emerged as a serious candidate to buy the Timberwolves, according to a report from ESPN’s Adam Schefter.

However, a report from Chris Hine and Andrew Krammer of the Star Tribune stated that there are no active talks between Timberwolves owner Glen Taylor and the Wilfs. The Star Tribune did say that the two sides had some dialogue, but added that “it hasn’t continued.”

Sportico reported that Taylor retained The Raine Group, a global merchant bank, in order to explore selling his NBA franchise. That report was corroborated by the Star Tribune.

Report: Wilf family emerges as ‘serious candidate’ to buy Timberwolves

ESPN’s Adam Schefter reported that the Wilf family, who owns the Vikings, has emerged as a serious candidate to buy the Minnesota Timberwolves.

The Wilf family already owns the Vikings, and according to a report from ESPN’s Adam Schefter, the Wilfs have become a serious candidate to buy another Minnesota franchise.

Sportico reported that Glen Taylor, owner of the Minnesota Timberwolves, has retained The Raine Group, a global merchant bank, in order to explore selling his NBA franchise.

The Wilfs have emerged as a serious candidate to buy the Timberwolves, Schefter reported.

The Wilfs aren’t the only big Minnesota figure to have interest in the Timberwolves. Former NBA power forward Kevin Garnett said on social media that he is a part of a group with interest in buying the Timberwolves.

Taylor told The Athletic that any sale of the Timberwolves is contingent upon the Timberwolves staying in Minnesota.

Vikings owners have put $1 billion into facilities

The Wilf family, which owns the Minnesota Vikings, have now put $1 billion into U.S. Bank and other facilities.

The Wilf family, owners of the Minnesota Vikings, have put $1 billion into U.S. Bank Stadium, TCO Performance Center in Eagan, and other facilities in Eagan, according to a report.

Vikings vice president Lester Bagley told the Star Tribune that the Wilfs have invested $600 million in U.S. Bank Stadium from the team and private side. They’ve also spent $400 to $500 million in Eagan on the practice facility, the hotel, the medical office building and some residential spaces are coming.

“I think the Wilf family has taken an investment approach to our state, our community and certainly to the Vikings,” Bagley told the Star Tribune.

Another story in the Star Tribune reported that revenue the stadium creates could be more than $250 million by 2023. If that money was used to pay off the $498 million in bonds used by the state to pay for the facility, then it’s possible that U.S. Bank could be paid off in a decade earlier than planned.

US Bank Stadium opened in 2016. The facility has already hosted the Super Bowl, the Final Four and the X Games.