Glen Albert Taylor
|9th Minnesota Senate Minority Leader|
January 9, 1985 – January 5, 1987
|Preceded by||James E. Ulland|
|Succeeded by||Duane Benson|
|Minnesota State Senator|
January 6, 1981 – February 3, 1990
|Born||April 20, 1941|
Springfield, Minnesota, U.S.
|Residence||Mankato, Minnesota, U.S.|
|Alma mater||Minnesota State University|
Harvard Business School
|Occupation||Businessman and entrepreneur|
Owner of Minnesota Timberwolves, Minnesota Lynx, Iowa Wolves, Star Tribune
Glen Allen Taylor (born April 20, 1941) is an American billionaire businessman who is best known for being the majority owner of the Minnesota Timberwolves NBA basketball team, owner of the Minnesota Lynx WNBA basketball team, owner of the Star Tribune, and a former member of the Minnesota Senate.
Early life and education
Taylor was born in Springfield, Minnesota, and grew up on a farm in Comfrey, Minnesota. He graduated from Comfrey High School in 1959, and received a Bachelor of Science in mathematics, physics and social studies from Minnesota State University, Mankato, in 1962. In 1978 he received an executive MBA from Harvard Business School.
During and after college, Taylor worked at Carlson Wedding Service (later Carlson Craft), a Mankato print shop specializing in formal invitations. In 1975, company owner Bill Carlson wanted to retire, and Taylor offered to pay $2 million over the course of 10 years for the company. The purchase (which he paid off early) formed the basis for the Taylor Corporation, a privately held multinational printing and electronics company with more than 15,000 employees and based in North Mankato, Minnesota. Taylor continues to serve as chairman and CEO.
Taylor was a Republican Minnesota State Senator from 1981 to 1990, serving as assistant minority leader from 1983 to 1985 and Minority Leader from 1985 to 1988. He considered himself a member of the party's moderate wing.
From 2016 to 2020, Taylor donated $119,100 to Republican candidates and causes.
Sports team ownership
This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. (April 2020)
Taylor purchased majority ownership of the Minnesota Timberwolves NBA basketball team in 1994 for a reported $94 million. and purchased the Minnesota Lynx WNBA basketball team in 1999. Taylor was in talks to buy the Minnesota Twins but nothing came of it.
In 2000, he was banned for nearly a year for signing Joe Smith to a secret contract in violation of the league's salary cap rules. Before Donald Sterling, Glen Taylor was the only NBA owner to be suspended for more than a couple of games.
In 2015, Taylor had a falling out with NBA legend, Kevin Garnett, over a miscommunicated agreement. Garnett had been under the impression that after his retirement from the NBA he would be able to take over ownership of the Minnesota Timberwolves. However, after some discrepancies that was not the case. Taylor and Garnett are no longer on speaking terms and Garnett also refuses to have his jersey retired by the Timberwolves after spending 14 seasons of his career there.
He is a past chairman of the board of governors for the NBA, serving two terms from 2008 to 2012 and from 2014 to 2017.
On April 10, 2021, it was announced that a sale of the Timberwolves was being finalized for approximately $1.5 billion, with former Major League Baseball player Alex Rodriguez and billionaire Marc Lore stepping in as new owners taking effect in 2023.
In 2014, he purchased the Star Tribune for about $100 million. He told MinnPost that the famously liberal Star Tribune would be decidedly less liberal under his watch, but noted that the paper had already been shifting more to the center in recent years.
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- Robson, Britt (April 16, 2015). "New Owner Glen Taylor: Less Liberal Star Tribune Ahead". MinnPost. Retrieved March 7, 2015.
- Ziegler, Sara (October 28, 2020). "Inside The Political Donation History Of Wealthy Sports Owners". FiveThirtyEight. Retrieved December 15, 2020.
- August 6, 1994 – 5am, postbulletin Administrator |. "Wolves sale deal reached". Post Bulletin. Retrieved October 20, 2020.
- Gardner, Steve. "Kevin Garnett on Timberwolves owner Glen Taylor: 'I don't do business with snakes'". USA TODAY. Retrieved October 20, 2020.
- "Kevin Garnett Rebukes Timberwolves Owner Glen Taylor: 'I Won't Forgive Glen... I Don't Do Business With Snakes'". April 7, 2020. Retrieved April 7, 2020.
- "Kevin Garnett not interested in retired T-wolves jersey: 'I don't do business with snakes'". sports.yahoo.com. Retrieved April 7, 2020.
- "New Timberwolves D-League team renamed Iowa Wolves". FOX 9 Minneapolis-St. Paul. May 30, 2017. Retrieved October 20, 2020.
- "July 1, 2014: Glen Taylor finalizes purchase of Star Tribune". StarTribune.com. July 1, 2014. Retrieved September 27, 2015.