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Marc Stad Takes Over Timberwolves | Minnesota Timberwolves News
Description
The Minnesota Timberwolves have a new silent titan at the helm: Marc Stad, formerly a minority owner, now majority owner after stepping out of the shadows of tech investing to lead the NBA franchise. Known for his quiet dominance at Dragoneer Investment Group — which backs giants like OpenAI and DoorDash — Stad brings a Harvard-educated, finance-savvy pedigree to the Wolves, contrasting with the team’s outgoing star, Alex Rodriguez. While Lore steps back to focus on his own ventures, Stad’s takeover marks the fourth time the Wolves have changed leadership since joining the league in 1989 — and this time, the future is being quietly shaped by a Silicon Valley powerhouse.
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