Stad takes controlling stake in T-wolves, Lynx
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- Marc Stad purchased the majority of Marc Lore's stake to become controlling owner of the Timberwolves and Lynx in a deal valued at $4.5 billion, sources told ESPN.
- Alex Rodriguez announced he is increasing his equity stake in the franchises, while Marc Lore retains a minority investment and steps back from his co-chairman role to focus on pushing the Wonder Group toward an IPO.
- The $4.5 billion valuation ranks the Timberwolves fourth-largest in NBA franchise-sale history, behind only the Boston Celtics ($6.1 billion in 2025) and two recent Los Angeles Lakers sales ($10 billion and $12.5 billion).
- The NBA board of governors meets Sept. 15-16, where the deal is expected to receive league approval; current leadership — president Tim Connelly, GM Matt Lloyd, coach Chris Finch and Lynx coach Cheryl Reeve — will remain in place.
- The Timberwolves have reached the playoffs in all five seasons under Lore and Rodriguez, advancing past the first round in each of the past three and reaching the Western Conference finals in both 2024 and 2025, though they were eliminated in this year's conference semifinals.
- The Minnesota Lynx hold the WNBA's best record at 30-7, becoming the first team in league history to reach 30 wins in three straight seasons, with rookie Olivia Miles at +900 odds to win MVP behind A'ja Wilson (-1000).
Why it matters: The Timberwolves-Lynx franchise value has tripled from the $1.5 billion Lore and Rodriguez paid in 2021, and the new structure locks in the leadership team that has produced three straight playoff appearances, two conference finals trips, and luxury-tax spending — continuity that matters as Minnesota also pursues a new arena to replace the second-oldest building in the NBA.
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