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NewsWPLG Local 10 – Main FeedAugust 21, 2026Miami-Dade

Minnesota Timberwolves and Lynx co-owner Marc Lore agrees to sell controlling stake at $4.5 billion valuation

Co-owner Marc Lore has reached an agreement to sell his controlling interest in the Minnesota Timberwolves and Lynx franchises to limited partner Marc Stad. The transaction values the professional basketball organizations at $4.5 billion.

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Read the full story at WPLG Local 10 – Main Feed

Why It Matters

The sale represents a significant change in ownership and leadership for the Minnesota Timberwolves and Lynx franchises at a $4.5 billion valuation.

Key Facts

  • Marc Lore has agreed to sell his controlling stake in the Minnesota Timberwolves and Lynx.
  • The deal values the franchises at $4.5 billion.
  • The buyer is identified as limited partner Marc Stad.
  • The sale occurs barely a year after Lore's initial purchase of the stake was finalized.

Who's Mentioned

personTim Connelly“President of basketball operations”personGlen Taylor“Former owner”personAlex Rodriguez“Co-owner remaining with the franchises”personMarc Lore“Co-owner selling controlling stake”personMarc Stad“Limited partner purchasing controlling stake”personCheryl Reeve“Lynx president and head coach”organizationDragoneer Investment group“Firm founded by Marc Stad”personMatt Caldwell“CEO”personChris Finch“Head coach”organizationMinnesota Lynx“WNBA franchise”organizationMinnesota Timberwolves“NBA franchise”