Episode Details
Back to Episodes
Lore Sells Timberwolves Stake to Stad | Minnesota Timberwolves News
Description
Marc Lore’s exit from the Timberwolves and Lynx marks a major shift — he’s offloading his majority stake to Marc Stad for $4.5 billion, nearly tripling the team’s value since 2021. Stad, already a minority owner, now joins Rodriguez in leading the franchise, with Rodriguez staying front and center and Elisa Stad stepping in as governor. The move feels more like a power reshuffle than a reset, keeping the arena plans intact and leaving the basketball direction unchanged. Lore cashes out to focus on his food delivery empire, Wonder, gearing up for its IPO. Board approval is expected to be smooth, and the Wolves/Lynx remain firmly on track under Rodriguez and Stad’s new leadership.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/e37063d637b98335