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Stad Takes Over Wolves and Lynx | Minnesota Timberwolves News
Description
Marc Stad is taking over as controlling owner of the Minnesota Timberwolves and Lynx in a $4.5 billion deal pending NBA approval, stepping into the role alongside Alex Rodriguez while preserving current front offices and leadership. Marc Lore exits his co-chairman role to focus on his Wonder company, retaining minority ownership, while Stad’s wife Elisa joins the Wolves’ board. The move signals continuity and commitment to winning, with plans for a new stadium advancing quietly — no radical changes, just stronger backing for on-court success and future growth.
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