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Marc Stad Takes Over Wolves and Lynx | Minnesota Timberwolves News
Description
Marc Stad is taking the reins as the new power behind the Minnesota Timberwolves and Lynx, acquiring a major stake in both teams in a $4.5 billion deal that gives him controlling ownership. Former owner Marc Lore is stepping back to focus on an IPO for his Wonder Group, while Alex Rodriguez eyes deeper investment. Elisa Stad will lead as governor of the Timberwolves, and current leadership—including coach Cheryl Reeve and president Tim Connelly—plans to stay. The trio vows to build championship-caliber organizations, with the NBA Board of Governors reviewing the deal in mid-September. The Lynx are already locked into the playoffs with a 30-win season, led by Reeve’s historic coaching record.
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