Sports News Report
Sport: BasketballCountry: United StatesCategory: Breaking News

Timberwolves and Lynx change ownership valued at $4.5 billion

Yahoo Sports • 1 min read • Latest: Aug 21, 2026, 8:19 PM

Last updated Aug 21, 2026

Timberwolves and Lynx change ownership valued at $4.5 billion
Summary

The Minnesota Timberwolves and the Minnesota Lynx have changed ownership in a deal valued at $4.5 billion. Marc Stad transitions from minority investor to controlling owner, acquiring major shares from Marc Lore. Stad joins Alex Rodriguez, who confirmed he will increase his investment and serve as co-chairman. This transaction marks the fourth-largest franchise sale in NBA history and follows a recent ownership change for the LA Lakers. The Timberwolves reached the Western Conference last season but lost to the San Antonio Spurs.

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Yahoo SportsBBC Sport
Market Watch
  • •Deal values Timberwolves and Lynx at $4.5 billion.
  • •Marc Stad becomes controlling owner of the teams.
  • •Alex Rodriguez increases his investment and becomes co-chairman.
  • •Transaction is the fourth-largest in NBA history.
  • •Timberwolves lost to the Spurs last season in the Western Conference.
Latest Updates
  • 8:19 PMYahoo Sports — New owner deal values Timberwolves and Lynx at $4.5bn
  • 8:19 PMBBC Sport — New owner deal values Timberwolves and Lynx at $4.5bn
What they're saying
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The Minnesota Timberwolves change owners in a deal which makes them the fourth-most expensive NBA franchise to be sold.

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The Minnesota Timberwolves change owners in a deal which makes them the fourth-most expensive NBA franchise to be sold.

Related Teams & Leagues
Los Angeles LakersMinnesota TimberwolvesMinnesota LynxBasketball

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