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The Economic Times

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Marc Stad set to become Timberwolves controlling owner in $4.5 billion deal

Marc Stad is set to become the controlling owner of the Timberwolves and Lynx. This significant deal values the franchises at an impressive $4.5 billion. Marc Lore will reduce his involvement and remain a minority investor in the teams. Alex Rodriguez is expected to increase his ownership stake under the new arrangement. The transaction awaits NBA Board of Governors approval before finalization.

21 Aug 2026 11:05 pm