Marc Stad becomes controlling owner of the Timberwolves

Marc Stad and his wife Elise have officially taken over as the controlling owners of the Minnesota Timberwolves, as of August 26, 2026. Previously, the Stad family held a minority ownership stake alongside Marc Lore and Alex Rodriguez for over two years. The transition marks a significant change in the team's leadership structure, with both Stad and Rodriguez reportedly enjoying their partnership during that time. The Timberwolves will continue to operate under this new ownership as the NBA season approaches.

• 8:57 AMYahoo Sports — As far as it's been told to me, Marc and Alex have …