T-wolves, Lynx co-owner Lore agrees to sell his controlling stake at a $4.5B value, AP source says
MINNEAPOLIS (AP) — Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to limited partner Marc Shad at a $4.5 billion value barely a year after his purchase was finalized , according to a person with knowledge of the deal. The person spoke Friday to The Associated Press on condition of anonymity because details of the agreement were not…
Minnesota Timberwolves and Lynx co-owner Marc Lore has reached an agreement to sell his controlling stake in the franchises for $4.5 billion, according to a source familiar with the deal. This announcement comes just a year after his purchase of the Minnesota NBA and WNBA teams was finalized. Lore, an e-commerce entrepreneur from New York, co-owned the franchises with former MLB star Alex Rodriguez, with whom he split roles.
The sale process, which involved the NBA and WNBA leagues, took over four years to complete and was approved in June 2025. The three stakeholders issued a joint statement expressing their commitment to the current leadership team, including CEO Matt Caldwell, President of Basketball Operations Tim Connelly, Head Coach Chris Finch, and Lynx Head Coach Cheryl Reeve.
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