Follow us on Google Discover The Minnesota Timberwolves and Minnesota Lynx are getting a new owner, after Marc Lore sold his majority share in the franchises at a $4.5 billion valuation.
Sports franchises have become an incredibly popular investment in the past decade. Many teams in the NBA, as well as the WNBA, have new owners.
The Minnesota Timberwolves and the Minnesota Lynx share a majority owner, Marc Lore, who bought the team alongside Alex Rodriguez from Glen Taylor in 2021.
Within just five years, Lore is moving on from the venture. Shams Charania broke the news on Friday that both the Wolves and the Lynx would have a new face at the top moving forward.
Photo by Taylor Hill/FilmMagicBillionaire investor Marc Stad becomes largest shareholder in Timberwolves, Lynx franchises
Marc Stad has owned a minority share in the Timberwolves for a while, as part of the ownership group alongside Lore and Rodriguez.
Now, he’s made a move to become the largest shareholder, and thus the controlling owner of the Timberwolves after buying a big chunk of Lore’s holdings.
American business leader Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx by buying the majority of co-owner Marc Lore’s stake at a $4.5 billion valuation, sources tell ESPN. pic.twitter.com/EUvuf9SGkQ
— Shams Charania (@ShamsCharania) August 21, 2026
View Tweet
“American business leader Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx by buying the majority of co-owner Marc Lore’s stake at a $4.5 billion valuation,” Shams Charania reported.
This is unlikely to change much in the immediate term for the Timberwolves, although new owners always bring their own ideas of how things need to be done.
MORE MINNESOTA TIMBERWOLVES STORIES
Which NBA star are you most excited to see on a new team this season? 👀
*Kawhi Leonard’s Raptors return remains up in the air
The team, along with the Lynx, are both competing for the biggest prizes in their leagues. Fans will be hoping the franchises’ futures are as secure off the court now, as they are on it.
Join Our Newsletter
Receive exclusive football transfer news and updates twice a week to your mailbox