Former Timberwolves co-owner diesMarv Wolfenson, one of the two businessmen who brought the NBA back to Minnesota, died Saturday. He was 87.
By: Associated Press report, Associated Press
MINNEAPOLIS — Marv Wolfenson, one of the two businessmen who brought the NBA back to Minnesota, died Saturday. He was 87.
Wolfenson died in La Jolla, Calif., Timberwolves spokesman Brad Ruiter told the Associated Press on Saturday. He did not know any other details.
Wolfenson and Harvey Ratner were the Timberwolves original owners when the NBA granted them and Minnesota an expansion franchise that began play in 1989. They also owned a series of Twin Cities health clubs.
The team released a statement Saturday, saying the organization was deeply saddened.
“Marv will long be remembered by our organization as not only an original owner of the franchise, but more importantly a mentor, friend, and incredible businessman who helped us all establish the Wolves in this market,” the statement said.
Ratner died in 2006.
The pair were known as “Harv and Marv,” working together for nearly five decades while managing their collection of apartment complexes and health and fitness facilities.
The Timberwolves marked the NBA's return to Minnesota after an absence that began when the Minneapolis Lakers moved to Los Angeles in 1960.
One of four expansion franchises spawned by the league in 1987, the Wolves were bought for $32.5 million and began playing in the Metrodome in 1989.
The following season, they went to the other end of downtown into a new arena, Target Center, which was funded by Ratner and Wolfenson.
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