Alex Rodriguez increases stake in Timberwolves amid ownership change
3 sources • 1 min read • Latest: Aug 24, 2026, 2:43 AM
Last updated Aug 24, 2026
Alex Rodriguez announced on August 21, 2026, that he is increasing his investment in the Minnesota Timberwolves and Lynx as part of an ownership transition valued at $4.5 billion. This change sees Marc Stad becoming the controlling owner, replacing Marc Lore, who will retain a limited role. Rodriguez, who has been involved with the teams for several years, expressed excitement about the new phase of this partnership and his expanded role as Co-Chairman and Governor of the Lynx. The Timberwolves, who posted a 49–33 record last season, eliminated the Denver Nuggets in the playoffs before losing to the San Antonio Spurs in the Western Conference semi-finals.
- •Rodriguez increases investment in Timberwolves and Lynx teams.
- •Ownership change values franchises at $4.5 billion.
- •Marc Stad becomes controlling owner, replacing Marc Lore.
- •Timberwolves reached the Western Conference semi-finals last season.
- •Rodriguez looks forward to spending more time with the teams.
- 2:43 AMYahoo Sports — Timberwolves Owner Alex Rodriguez Releases Statement After Franchise’s Majority Sale
- 6:08 AMYahoo Sports — Millionaire Timberwolves Owner Alex Rodriguez Issues A Statement After $4.5 Billion Deal
- 6:12 PMYahoo Sports — A-Rod ups T-Wolves stake in $4.5bn ownership change
"Retired baseball star Alex Rodriguez said on Friday he is upping his investment in Minnesota's Timberwolves and Lynx basketball teams as part of an ownership change reportedly valuing the franchises at $4.5 billion.The $4.5 billion valuation puts the Timberwolves fourth on the list of largest franchise sales in NBA history, according to ESPN, which broke the news.
"Alex Rodriguez makes his feelings known in an official statement after the Timberwolves owner Marc Lore sold his stake to Marc Stad.
"Former MLB star and current Timberwolves owner Alex Rodriguez is excited about the future of Minnesota basketball.
Sources
External links- Yahoo SportsAug 24, 2026, 2:43 AMTimberwolves Owner Alex Rodriguez Releases Statement After Franchise’s Majority Sale
Former MLB star and current Timberwolves owner Alex Rodriguez is excited about the future of Minnesota basketball.
- Yahoo SportsAug 22, 2026, 6:08 AMMillionaire Timberwolves Owner Alex Rodriguez Issues A Statement After $4.5 Billion Deal
Alex Rodriguez makes his feelings known in an official statement after the Timberwolves owner Marc Lore sold his stake to Marc Stad.
- Yahoo SportsAug 21, 2026, 6:12 PMA-Rod ups T-Wolves stake in $4.5bn ownership change
Retired baseball star Alex Rodriguez said on Friday he is upping his investment in Minnesota's Timberwolves and Lynx basketball teams as part of an ownership change reportedly valuing the franchises at $4.5 billion.The $4.5 billion valuation puts the Timberwolves fourth on the list of largest franchise sales in NBA history, according to ESPN, which broke the news.
Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
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