Marc Lore Sells Wolves in Another NBA Ownership Stunner
The move comes just 14 months after Lore took over in Minnesota.
In a surprising turn of events, Marc Lore has sold his controlling stake in the Minnesota Timberwolves and WNBA's Lynx to billionaire investor Marc Stad for a reported $4.5 billion. The Minnesota Timberwolves had been under Lore's ownership since June 2025, following a lengthy dispute over his acquisition of the team from Glen Taylor.
Both Lore and Stad, along with minority owner Alex Rodriguez, released a joint statement after the news broke on Friday. Stad is already an investor in the teams, while Rodriguez intends to stay with the organization. The deal, which has been in the works for months, was confirmed by a source familiar with the situation. Following the approval of the league, Stad's wife will serve as the team's governor.
Lore will retain a non-controlling stake in the teams, stating that their priority remains winning championships. The Timberwolves and Lynx are currently sitting atop the WNBA with the best record in the league at 30-7. Both Lore and Stad expressed their commitment to the teams and their culture, promising continued collaboration with key staff members and gratitude towards the fans and the Minnesota community.
The deal is a significant development in NBA ownership, with the Timberwolves and Lynx looking to continue their strong performance on the court.
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