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Report: Timberwolves Adding First Chinese Minority Owner

MINNEAPOLIS (AP) – A person with knowledge of the situation tells The Associated Press that Minnesota Timberwolves owner Glen Taylor is bringing in two new minority partners, including the NBA’s first Chinese owner.

Shanghai investor Lizhang Jiang and New Jersey real estate mogul Meyer Orbach are joining the Timberwolves’ ownership group. The person spoke on condition of anonymity Monday because the deal has not been finalized.

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