Marc Stad has acquired majority ownership of the Minnesota Timberwolves and Lynx by purchasing shares from Marc Lore, valuing the franchises at $4.5 billion. This unexpected change follows Lore and Alex Rodriguez’s initial multi-year purchase process that began in 2021. Alex Rodriguez will remain involved, working alongside Stad, while Stad’s wife, Elisa, will serve as the designated governor for the Timberwolves. Lore is expected to retain a minority ownership stake.
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Timberwolves and Lynx Ownership Sold to Marc Stad
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