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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Minnesota Timberwolves

Minnesota Timberwolves
 PROFILE
These wolves have kept basketball fans in the Twin Cities howling. The Minnesota Timberwolves franchise was awarded to local businessmen Harvey Ratner and Marv Wolfenson in 1988, returning NBA action to the land of 10,000 lakes for the first time since 1960, when the Minnesota Lakers (formed in 1947) moved to Los Angeles. Former Minnesota Senator Glen Taylor, chairman of printing giant Taylor Corporation, led a group of 14 investors who bought the team in 1995. The franchise was sanctioned by the NBA in 2000 for trying to get around salary cap requirements by making a secret pay agreement with forward Joe Smith. The team has played in its Target Center home since 1990.

 COMPETITION
Dallas Mavericks (dossier)
San Antonio Spurs, Ltd. (dossier)
Jazz Basketball Investors, Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 70.40
1-Yr. Sales Growth: 68.8%
Employees: 70
Revenue per employee: $1,005,714.29

 KEY PEOPLE
• Glen Taylor
    CEO
• Roger Griffith
    CFO

 CONTACT INFO
600 First Ave. North
Minneapolis, MN 55403
US
Phone: 612-337-3865
Fax: 612-673-1699
Online: Web Site

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