Another NBA team has changed hands with shocking speed.
Marc Lore is selling his controlling stake in the Minnesota Timberwolves and WNBA’s Lynx to billionaire investor Marc Stad in a deal that values the team at $4.5 billion.
Lore fully took over the franchises only in June 2025 after a protracted dispute over his own purchase of the team from Glen Taylor. Lore, Stad, and minority owner Alex Rodriguez put out a statement after the news Friday morning. Stad already owned a stake in the teams, while Rodriguez is remaining with the organization.
The deal between Stad and Lore had been in the works for months, according to a source familiar with the matter.
Stad’s wife will be the team’s governor when the deal is approved, according to The Athletic.
“We have been working together for years with a shared goal of building the Timberwolves and Lynx into the best organization in basketball on and off the floor,” the three said in a joint statement. Lore will retain a non-controlling stake in the teams.
“Our priority is and always will be championships. Our new agreement, pending league approval, is an evolution of the partnership we have built together and strengthening of our commitment to our team and our culture. We will continue to work closely with Matt Caldwell, Tim Connelly, Chris Finch and Cheryl Reeve and want to thank the fans and entire Minnesota community for your continued support. While we’re proud of the great work we’ve done, there’s so much more to do and we’re just getting started.”
The Lynx currently have the WNBA’s best record at 30–7.
This is a developing story and will be updated.
