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…
Minnesota Timberwolves co-owners Marc Lore and Alex Rodriguez are selling their controlling stake in the franchises to limited partner Marc Shad for $4.5 billion, according to a person familiar with the deal. Lore, a New York e-commerce entrepreneur, and Rodriguez, former MLB star, purchased the NBA and WNBA clubs from Minnesota businessman Glen Taylor in a process that took over four years and required league approval in June 2025.
The transaction has essentially swapped their roles, with Lore stepping down and Shad taking over. Both Lore and Rodriguez, along with Shad, reaffirmed their support for the current leadership team, including CEO Matt Caldwell, President of Basketball Operations Tim Connelly, Head Coach Chris Finch, and Lynx Head Coach Cheryl Reeve. The deal was confirmed by AP Basketball Writer Tim Reynolds.
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