Wolves Ownership Takes Over Sole Management of Target Center

The Minnesota Timberwolves announced the organization and its ownership group has taken over the sole management, promotion and booking of events at Target Center. Since May 2004, the Timberwolves and the Nederlander Organization had been jointly managing the Target Center arena business.

"We believe that after two years of managing the building, we are now in the position to fully handle the remaining aspects involved in the event-management of Target Center, specifically in the areas of booking and promoting," said Timberwolves CEO Rob Moor. "The Timberwolves have benefited from our partnership with the Nederlander Organization by gaining valuable experience in booking events, and it has been a pleasure working with them. As an organization, we remain committed to strengthening Target Center’s position as the best arena in the Upper Midwest, and providing our arena-goers the best entertainment experience possible."

"We have enjoyed our relationship with the Timberwolves and wish them well in their pursuits at the Target Center," said Nederlander Concerts CEO Adam Friedman. "For Nederlander Concerts, this move supports our strategy in making our base operations as efficient as possible and allowing a strong platform for growth of our successful event promotion and venue operation businesses."