Marc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation

Key Points:

• Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Lynx to limited partner Marc Stad for a $4.5 billion valuation, stepping down as governor to focus on taking his food delivery business, Wonder, public.
• Alex Rodriguez will remain co-chairman and serve as the public face of the ownership group alongside Stad, who will become the primary owner with his wife Elisa designated as Timberwolves governor.
• The ownership transition is a reorganization rather than a wholesale change, with Lore moving to a limited partner role and Stad stepping up from third-largest to lead investor, maintaining continuity in team operations and long-term plans.
• Lore and Rodriguez took full control of the franchises in 2025 after a legal battle with former owner Glen Taylor, and Lore's departure marks a significant shift just over a year later despite his earlier commitment to lead the team long-term.
• The Timberwolves and Lynx enter the new season with high expectations, as the Wolves aim to return to contender status with key players and coach Chris Finch, while the Lynx are playoff favorites under coach Cheryl Reeve.