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Marc and Elisa Stad acquire controlling stake in Timberwolves and Lynx

Yahoo Sports • 1 min read • Latest: Sep 24, 2026, 10:16 AM

Last updated Sep 24, 2026

Marc and Elisa Stad acquire controlling stake in Timberwolves and Lynx

Summary

Marc and Elisa Stad have agreed to purchase controlling ownership of the Minnesota Timberwolves and Lynx. Their investment comes after Marc Lore and Alex Rodriguez completed a $1.5 billion purchase of the teams and later sold control to the Stads at a $4.5 billion valuation. The Stads, both from humble beginnings, are noted for their civic-mindedness and long-term approach. They have yet to be formally approved by the NBA’s board of governors. Their acquisition marks a significant moment in the shifts of franchise ownership within a year.

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By the Numbers

•Marc and Elisa Stad buy controlling stake in Timberwolves and Lynx.
•Deal follows Marc Lore and Alex Rodriguez's $1.5 billion purchase.
•Stads characterized as civic-minded and philanthropic.
•Deal completed at a $4.5 billion valuation.
•Approval from the NBA’s board of governors still pending.

Latest Updates

10:16 AMYahoo Sports — Inside Marc and Elisa Stad’s rise: From modest beginnings to Timberwolves’ owners

What they're saying

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If Rob Lowe gets his way, Jonathan Kuminga isn’t the only one the Minnesota Timberwolves and Los Angeles Lakers will be fighting over this season. “I’m going to put Bob Iger and Marc Stad in a sumo wrestling ring,” Lowe said by phone. “And whoever wins, I will wear their jersey.” The beloved actor’s connection to Iger comes as no surprise. Iger has been a titan in the entertainment industry for decades, twice serving as CEO at Disney before teaming up with Josh Kushner to buy the Lakers, Lowe’s
— Yahoo Sports

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