08-21-2026, 11:04 AM
[Charania] American business leader Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx by buying the majority of co-owner Marc Lore’s stake at a $4.5 billion valuation, sources tell ESPN.
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seems to be a lot of teams changing hands. Trying to see if it is something more or just owners jumping on the wave with the high valuations? With expansion coming, supposedly teams will be getting more influx of cash. Still though, feels weird with all the teams being sold.
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seems to be a lot of teams changing hands. Trying to see if it is something more or just owners jumping on the wave with the high valuations? With expansion coming, supposedly teams will be getting more influx of cash. Still though, feels weird with all the teams being sold.

