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Marc Stad Takes Over Timberwolves | Minnesota Timberwolves News
Description
Marc Stad is now the full-time owner of the Minnesota Timberwolves and Lynx, stepping in after buying out Marc Lore’s stake in a $4.5 billion deal. Stad, a Harvard and Stanford grad with a $20B+ investment firm behind tech giants like Airbnb and Uber, brings serious clout—and his wife Elisa will lead the Wolves. Lore, who owned the team for just over a year, is pivoting to his food-tech startup Wonder ahead of its IPO, while Alex Rodriguez stays on and increases his stake. The Wolves, already playoff contenders last season with Anthony Edwards exploding and a new LaMelo Ball trade, are primed for a deep run under Stad’s leadership—timing couldn’t be better.
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