What are other minority owners of the Minnesota Timberwolves like in private?
When Glen and I initially talked about my possibly being a limited partner, he said he believed the team could be profitable in the long run. He didn’t anticipate it being a money-losing proposition. He also said and I have reminded him of this many times since that it would be fun to be involved in the ownership of a professional basketball team. Indeed it has been. We’ve had lots of good times. Part of the fun has been getting to know other owners. They are all successful individuals with interesting stories and backgrounds. If it hadn’t been for being involved with the Timberwolves, I likely wouldn’t have met most of them. For example, Dennis Frandsen started out in business as a teenager in Wisconsin on the family farm selling hickory trees to Duncan Yo-Yo. Those trees were the ideal type to make yo-yos and his father gave him permission to harvest them. He won a contract with the yo-yo company. He told me that he once went to a local bank to arrange a loan to buy a better pick-up
