Marc Lore sells controlling stake in Timberwolves to Marc Stad
Yahoo Sports • 1 min read • Latest: Aug 21, 2026, 3:30 PM
Last updated Aug 21, 2026
Marc Lore is selling his controlling stake in the Minnesota Timberwolves and the Lynx to billionaire Marc Stad. The deal values the teams at $4.5 billion. Lore took over the franchises in June 2025 and will retain a non-controlling stake post-sale. The transaction has been in discussions for months and is pending league approval. Lore, Stad, and minority owner Alex Rodriguez plan to continue their collaboration in building the teams.
- •Marc Lore sells his stake in the Timberwolves and Lynx to Marc Stad.
- •The sale values the teams at $4.5 billion.
- •Lore assumed control of the franchises in June 2025.
- •Transaction is pending approval from the league.
- •The Lynx currently have a 30–7 record in the WNBA.
- 3:30 PMYahoo Sports — Marc Lore Sells Wolves in Another NBA Ownership Stunner
"The move comes just 14 months after Lore took over in Minnesota.
Sources
External linksOriginal reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days
NBA•Aug 21, 2026, 4:58 PMTimberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
NBA•Aug 21, 2026, 4:35 PMLakers predicted to trade for $60M elite defender, former first-rounder to pair with Luka Doncic
NBA•Aug 21, 2026, 4:08 PMLakers, Cavaliers, Timberwolves reportedly battling for $46M ex-Warriors NBA champion
NBA•Aug 21, 2026, 4:04 PMMarc Stad buying controlling interest in Timberwolves from Marc Lore; Alex Rodriguez remains- NBA•Aug 21, 2026, 3:58 PMMarc Lore is selling controlling interest in the …
NBA•Aug 21, 2026, 3:56 PMReport: Lakers Learn What’s Holding Up Jonathan Kuminga’s Decision