The NBA doesn't stop! The Minnesota Timberwolves, sold for a fortune
Both the NBA team and the WNBA Lynx have been transferred to the same owner.
Marc Stad is now the majority owner of both the Minnesota Timberwolves and the Minnesota Lynx. The American entrepreneur has completed a deal to acquire Marc Lore's stake in both franchises and become the leading shareholder. The transaction has been valued at $4.5 billion, according to ESPN sources, and still requires NBA approval.
Lore will retain a minority interest in the teams, while Alex Rodriguez has decided to increase his ownership percentage. The former MLB player confirmed the new agreement this Friday, although it has not yet been specified what exact percentage Lore and Rodriguez will hold after the transaction.
The move represents a significant shift in the ownership structure of the Timberwolves but does not imply a revolution in sports management. Stad, Lore, and Rodriguez have reached an agreement to maintain the main leadership structures of both franchises and continue the project they have been building in recent years.
Stad takes control as Lore focuses on his company
Lore has chosen to step back from his roles as co-owner and co-chair to concentrate in the next year on the initial public offering process of Wonder Group, his technology-focused food company. The entrepreneur believes that swapping positions with Stad offers the Timberwolves the best opportunity to sustain the franchise's growth.
Stad was already part of the ownership group as a minority investor and has been working alongside Lore and Rodriguez for years. As the founder and managing partner of Dragoneer Investment Group, Stad established the firm in 2012, turning it into one of the largest growth-oriented investment companies with over $35 billion in managed capital, according to Forbes.
His wife, Elisa Stad, will be the governor of the Timberwolves, while Marc Stad will continue to lead Dragoneer. Rodriguez will remain as governor of the Lynx and as an alternative governor of the Timberwolves.
The three owners issued a joint statement emphasizing that their priority remains winning championships and maintaining the culture that has led both franchises to become competitive organizations.
The transaction will need NBA approval. The league's board of governors is set to meet on September 15th and 16th, the dates when the sale is expected to be officially approved.
The Timberwolves have rewritten their history
The deal comes after one of the most successful periods in Minnesota's history. Lore and Rodriguez originally purchased a stake in the Timberwolves in 2021 when the franchise was valued at $1.5 billion. Following a dispute with the former owner, Glen Taylor, both ended up gaining full control in June 2025.
Since Lore and Rodriguez's arrival, the Timberwolves have made the playoffs in all five seasons, advancing at least one round in the last three. The team also reached the Western Conference Finals in 2024 and 2025.
Prior to this era, Minnesota had only won two playoff series in its entire history, both in 2004. So far this decade, they have won five playoff series.
The new ownership has shown a willingness to spend. The Timberwolves exceeded the luxury tax in the 2024-25 and 2025-26 seasons and will once again be a taxpayer this season.
This summer, the front office was granted approval for a significant move, acquiring LaMelo Ball from the Charlotte Hornets. The point guard will team up with Anthony Edwards to form one of the most talented backcourts in the NBA.
The franchise was also among the final four contenders to land LeBron James, although the four-time champion ultimately chose the Philadelphia 76ers.
The future also involves the Target Center. The arena is the second oldest in the NBA after Madison Square Garden, and the ownership is collaborating with the city of Minneapolis on plans to construct a new facility.
Meanwhile, the Lynx are experiencing a remarkable period as well. Under the guidance of Cheryl Reeve, who has secured four WNBA championships, Minnesota currently boasts the best record in the league this season with 31 wins and seven losses.
Napheesa Collier, Kayla McBride, and rookie Olivia Miles lead a team that has won 16 of its last 17 games. Moreover, the Lynx have become the first team in WNBA history to reach 30 wins in three consecutive seasons.
This is an automatic translation. You can read the original news, ¡La NBA no para! Los Minnesota Timberwolves, vendidos por un pastizal
