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Marc Stad set to become Timberwolves’ controlling owner in $4.5 billion deal
Marc Stad is set to become the controlling owner of the Timberwolves and Lynx. This significant deal values the franchises at an impressive $4.5 billion. Marc Lore will reduce his involvement and remain a minority investor in the teams. Alex Rodriguez is expected to increase his ownership stake under the new arrangement. The transaction awaits NBA Board of Governors approval before finalization.
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apnews.com
T-wolves, Lynx co-owner Lore agrees to sell his controlling stake at a $4.5B value, AP source says
Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to limited partner Marc Shad at a $4.5 billion value barely a year…
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nytimes.com
Marc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation
Alex Rodriguez, who has served as co-chairman with Lore, is remaining in his role with the two teams.
