{
  "id": 2392891,
  "title": "Marc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation",
  "url": "https://urgent.news/2026/08/21/marc-lore-selling-controlling-stake-of-timberwolves-lynx-to-marc-stad",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T15:01:04.000Z",
  "source": {
    "name": "Yahoo Sports",
    "slug": "yahoo-sports",
    "url": "https://sports.yahoo.com/articles/marc-lore-selling-controlling-stake-150104192.html"
  },
  "original_language": "en",
  "account": "Minneapolis — Marc Lore is selling his controlling stake in the Minnesota Timberwolves and Minnesota Lynx to Marc Stad, founder and managing partner of Dragoneer Investment Group, at a $4.5 billion valuation, according to team sources. Lore will retain a limited role, but is stepping away from his position as the team's governor to focus on taking his food delivery and takeout business, Wonder, public. Alex Rodriguez, co-chairman with Lore, will continue his role with the Timberwolves and Lynx as the more public-facing member of the ownership group. The plan is for Rodriguez to spend the most time in Minnesota, where he owns a home, while Lore takes a step back. The group's stated plans to build a new arena in the Twin Cities and keep the teams in Minnesota for the long term remain unchanged.",
  "summary": "MINNEAPOLIS — Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Minnesota Lynx to limited partner and Dragoneer Investment Group founder and managing partner Marc Stad at a $4.5 billion valuation, team sources told The Athletic, facilitating the NBA’s second abrupt ownership shift in a week. Lore will remain a part of the ownership group in a limited role, but he is…",
  "key_points": [
    "Marc Lore selling controlling stake in Timberwolves and Lynx for $4.5B",
    "Marc Stad to become new majority owner of Minnesota teams",
    "Alex Rodriguez to continue public-facing role with teams"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}