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Timberwolves and Lynx Ownership Shift | Minnesota Timberwolves News
Description
Marc Stad is taking over as majority owner of the Minnesota Timberwolves and Lynx from Marc Lore, who’s cashing out after a 200% profit in just 14 months — all part of a wild trend where sports franchises are flipping for massive returns. Meanwhile, Alex Rodriguez is increasing his stake, and Stad, founder of Dragoneer Investment Group, vows to prioritize championships. The NBA must approve the $4.5 billion deal, while both teams soar on the court — the Wolves hot in the West, the Lynx dominating the WNBA.
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