Marc Stad takes controlling interest in Timberwolves and Lynx
Minnesota Timberwolves and Lynx co-owner Marc Lore plans to sell his controlling stake in the franchises to businessman Marc Stad, valuing the teams at $4.5 billion. Lore will retain a minority stake, while Alex Rodriguez intends to increase his investment and share leadership roles. The transaction, pending NBA approval, aims to support ongoing team success and maintain current management.
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