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Marc Stad buying controlling stake in Minnesota Timberwolves, Lynx for $4.5 billion | CNN Business
Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday.
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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.
