Updated: 12/21/2013 4:34 PM
Created: 12/21/2013 4:07 PM KSTP.com
Marv Wolfenson, one of the two businessmen who brought the NBA back to Minnesota, has died.
Timberwolves spokesman Brad Ruiter told The Associated Press on Saturday that Wolfenson died in LaJolla, Calif. Ruiter did not know any other details.
The Star Tribune reports that Wolfenson died Saturday morning.
Wolfenson and 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.
They were responsible for building Target Center. They sold the team to Mankato businessman Glen Taylor in 1994.
Ratner died in 2006.
The team released a statement Saturday, saying the organization was deeply saddened and Wolfenson will be remembered as a mentor, friend and "incredible" businessman.
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Here is the complete release from the Timberwolves:
“The Minnesota Timberwolves organization is deeply saddened by the news of the passing of Marv Wolfenson. Marv, along with his business partner Harvey Ratner, realized his dream and vision to bring professional basketball back to Minnesota. 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. Our thoughts and prayers are with his family at this time.”