Sports News Report
League: NBASport: BasketballCountry: United StatesCategory: Breaking News

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 sells controlling stake in Timberwolves to Marc Stad
Summary

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.

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Yahoo Sports
Latest Updates
  • •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.
Latest Updates
  • 3:30 PMYahoo Sports — Marc Lore Sells Wolves in Another NBA Ownership Stunner
What they're saying
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The move comes just 14 months after Lore took over in Minnesota.

Related Teams & Leagues
Minnesota TimberwolvesNBABasketball

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