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Former Timberwolves co-owner Marv Wolfenson dies

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December 21, 2013 05:16 PM EST | AP

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MINNEAPOLIS (AP) — Marv Wolfenson, one of the two businessmen who brought the NBA back to Minnesota, has died.

Timberwolves spokesman Brad Ruiter (REYE'-ter) told The Associated Press on Saturday that Wolfenson died in La Jolla, Calif. Ruiter did not know any other details.

The Star Tribune reports that Wolfenson died Saturday morning.

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.

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.