Stad to Lead Timberwolves and Lynx After $4.5B Ownership Reorganization
Marc Stad will assume top ownership of the Minnesota Timberwolves and Lynx after purchasing Marc Lore’s controlling stake for $4.5 billion; Lore will remain a limited partner and step back from his governor role to focus on taking Wonder public, while Alex Rodriguez stays as co-chair and governor of the Lynx and Elisa Stad is named Timberwolves governor to keep Stad fully engaged with Dragoneer. The deal preserves Minnesota-based ownership and keeps plans for a new arena on track.