MINNEAPOLIS - Original Minnesota Timberwolves owner Marv Wolfenson has died, according to team officials.

"The Minnesota Timberwolves organization is deeply saddened by the news of the passing of Marv Wolfenson. Marv, along with his business partner Harvey Ratner, realized his dream and vision to bring professional basketball back to Minnesota," the team said in a statement.

Wolfenson and Harvey Ratner submitted a formal expansion proposal to the NBA Board of Governors in October of 1986.

"Marv will long be remembered by our organization as not only an original owner of the franchise, but more importantly a mentor, friend, and incredible businessman who helped us all establish the Wolves in this market. Our thoughts and prayers are with his family at this time," the team added.

Wolfenson and Ratner are also remembered for nearly taking basketball away. The owners announced the sale of the Wolves to a Louisiana-based group in 1994 due to concerns over the Target Center lease, but the sale was disapproved by the NBA.

Later that year, Wolfenson and Ratner sold to a group led by current Timberwolves owner Glen Taylor.