NBA team sales surge as valuations reach new heights

The sale of the Timberwolves highlights a trend in NBA team ownership, with 25 change-of-control sales since 2010. A combined $54.1 billion has changed hands in 11 sales since 2020. Investors view franchises as valuable assets rather than personal passions, shifting away from local ownership. Notable buyers include Marc Stad and Tom Dundon, who have no long-standing ties to the teams they purchase. Experts suggest this trend could impact long-term fan engagement as franchises are increasingly seen through a financial lens instead of a community connection.

• 9:13 PMYahoo Sports — Why Flood of NBA Team Sales Isn’t Slowing