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Stad Takes Control of Wolves and Lynx | Minnesota Timberwolves News
Description
Minnesota Timberwolves and Lynx ownership is shifting again as Marc Stad, already a minority investor, acquires a controlling stake from Marc Lore for $4.5 billion — a massive jump from the $1.5 billion Lore and Alex Rodriguez paid just last year. Lore will remain a minority owner while Rodriguez increases his stake, and Marc Stad’s wife, Elisa Stad, is expected to become governor of the Timberwolves. This move signals a new era for both franchises, with ripple effects still unfolding in the NBA’s rapidly evolving business landscape.
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