Stad family transfers ownership stake in Timberwolves and Lynx

The Stad family officially transferred their ownership stake in the Minnesota Timberwolves and Lynx, allowing current leaders Tim Connelly, Matt Lloyd, Chris Finch, and Cheryl Reeve to maintain their roles. The deal followed months of discussions between the Stad family and existing owners Alex Rodriguez and Marc Lore. This transition is significant for the franchise's operational continuity as it preserves existing leadership structures in both teams. Further developments regarding team strategies and management may follow as this ownership change takes effect.

• 5:10 PMYahoo Sports — Sources said the transfer of ownership between the …