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

Timberwolves sold for $4.5 billion, pending NBA approval

Yahoo Sports • 1 min read • Latest: Aug 21, 2026, 3:53 PM

Last updated Aug 21, 2026

Timberwolves sold for $4.5 billion, pending NBA approval
Summary

Marc Stad has completed a deal to acquire the Minnesota Timberwolves and the WNBA’s Lynx for $4.5 billion, marking a significant sale as NBA franchises are flipped for profit. This follows a record sale of the Los Angeles Lakers for $12.5 billion. The agreement is subject to approval from the NBA Board of Governors, which meets on September 15-16. Marc Lore will retain a minority stake after previously acquiring the teams at a $1.5 billion valuation. The sale reflects a trend in NBA ownership as potential expansion fees rise significantly.

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Latest Updates
  • •Stad’s acquisition includes both the Timberwolves and Lynx.
  • •Lore initially bought a majority stake for $1.5 billion in 2025.
  • •This sale represents the fourth-highest price in NBA history.
  • •Rodriguez will remain involved as a public face of the ownership group.
  • •Potential NBA expansion fees are reportedly rising above $9 billion.
Latest Updates
  • 3:53 PMYahoo Sports — NBA News: Timberwolves Become Second Team to Be Flipped in Historic Sale, What It Might Mean
What they're saying
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Just over a week after Mark Walter sold the Los Angeles Lakers at a record-setting $12.5 billion valuation less than […]

Related Teams & Leagues
Boston CelticsLos Angeles LakersMinnesota TimberwolvesMinnesota LynxWNBABasketball

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