CHICAGO -- A handshake could mean that a bond-financed public buyout of Target Center stadium in Minneapolis and new ownership of the Minnesota Timberwolves basketball team is near.

Marvin Wolfenson and Harvey Ratner, who own the Target Center and the Timberwolves, last week reached a handshake deal with Minnesota businessman Glen Taylor to sell Taylor the team for an undisclosed sum of money, according to Kent Wipf, manager of media services for the Timberwolves.

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