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Glen Taylor has served as the Minnesota Lynx’s majority owner since 2002. Photo credit: NBA Central Twitter Page

Tuesday afternoon was rather momentous for Minnesota basketball fans.

Sporticoโ€™s Scott Soshnick reported at 1:17 p.m. that billionaire Glen Taylor had retained The Raine Group to sell the Minnesota Timberwolves franchise.

Soshnickโ€™s article stated Taylor was seeking at least $1.2 billion for the NBA franchise but made no mention of Taylorโ€™s majority ownership of the Minnesota Lynx and whether or not he intended to sell the Minneapolis-based WNBA franchise.

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At 4:39 p.m., The Athleticโ€™s Jon Krawczynski tweeted Taylorโ€™s intention to keep the Timberwolves and Lynx โ€œunder one house should a sale happen,โ€ and Taylorโ€™s official statement, which mentioned the Lynx, was shared on the Lynxโ€™s official Twitter page at 6:27 p.m.

Taylor also told Krawczynski keeping the two franchises in Minnesota would be a requirement for interested buyers.

Taylor has consistently been under fire for his handling of the Timberwolves, a franchise that has only qualified for the playoffs once in the past 15 seasons. The Athleticโ€™s reporting that soon-to-be NBA Hall of Famer and beloved, former Timberwolf Kevin Garnett has shown interest in exploring a bid to buy the Timberwolves from Taylor has only ignited the fanbaseโ€™s excitement to replace Taylor.

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However, the Lynx have seen much more success under Taylorโ€™s ownership.

According to the Lynxโ€™s website, Taylor became the majority owner of the Lynx in 2002 after serving as the Lynxโ€™s operating owner for the previous four seasons of the teamโ€™s existence.

Taylor went on to appoint longtime WNBA assistant coach Cheryl Reeve as the Lynxโ€™s head coach during the 2009 offseason, and the Lynx went on to win four championships in the first eight seasons of Reeveโ€™s head coaching career. The Lynx have also qualified for the WNBA playoffs for nine straight seasons.

This is a developing story, and The Next will provide updates to this article as they unfold.

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