ESPN's Brian Windhorst is reporting that the Minnesota Timberwolves have sold five percent of the team to Lizhang Jiang.

Jiang, 35, also bought five percent of shares in the Minnesota Lynx as part of the deal. Timberwolves majority owner Glen Taylor will continue to control the franchise according to  Windhorst.

No details have been released at this moment in regards to how much the investment was for. More information from Brian Windhorst can be found here.

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