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Marc Lore Sells Timberwolves Stake | Minnesota Timberwolves News

Marc Lore Sells Timberwolves Stake | Minnesota Timberwolves News

Published 1 day, 18 hours ago
Description

Marc Lore is offloading his majority stake in the Minnesota Timberwolves and Lynx for $4.5 billion, stepping back to focus on his food delivery empire Wonder — while still holding a limited partner role and courtside seats. Alex Rodriguez stays on as co-chairman, and Dragoneer’s Marc Stad takes over as lead owner with his wife Elisa as governor. Despite the surprise move — especially given Lore’s public commitment to Minnesota — the teams’ core plans remain intact, including a new arena. The Timberwolves are loaded for battle with LaMelo Ball and a strong roster, while the Lynx are playoff-bound. Lore reportedly took a slight haircut to ensure franchise stability, letting him fully dedicate himself to Wonder’s IPO.

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