I would assume he's Jewish. While it's very rare that a Jewish owner or sports exec would not be real hostile towards white athletes (or would not be rabidly pro minority, at least), there have been some. The Celtics of the 1980's, for example, were built by a "legendary" ex-coach/GM, who was Jewish.
That's probably the only reason the Marxist media did not come down hard on the Celtics for having something like 9 whites on their roster when they dominated the NBA from start to finish back in 1986.
Contrast this to what happened in 2009, when Larry Bird's Pacers got to 50% white on their roster and Jewish writer/radio host Bob Kravitz made the racial makeup of the Pacers a "big issue" because he was upset they dared to draft another white, Tyler Hansbrough. Since Kravitz dropped the hammer on Bird in 2009, I don't believe they selected another white player -- in any rounds -- fearing a backlash?
http://www.usatoday.com/sports/columnist/kravitz/2009-07-07-pacers-white-players_N.htm
I wonder if Kravitz has put new Pacers GM Donnie Walsh on notice that drafting whites is "not kosher" in his book? So if Kahn is Jewish, this is not a bad thing, as the racial makeup of the Wolves will be not be debated, like it was for the "Gentile" Larry Bird.
P.S: I believe Budinger broke into the league when Rick Adleman was coaching the Rockets. So the head coach clearly wants him, this isn't all about the GM. This could be a great trade all around, as it might allow Chase to start (or get more minutes) in Minnesota and clear the way for Chandler Parson to start full time in Houston. Rockets and Wolves are among only a handful of NBA teams I watch. I would probably watch Wolves/Rockets from beginning to end. In contrast, I did not watch even 1 minute of the NBA finals between Miami and OKC.