Marc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation

Sources describe the deal as a complete transfer of the lead ownership position from Lore to Stad. The story received coverage from a spectrum of outlets. The Star Tribune emphasized that the sale represents “ownership changes again” for the two teams, indicating a recent pattern of turnover. Bleacher Report and ESPN both cited sources confirming that Stad has finalized the purchase of the majority stake.

Axios highlighted the $4.5 billion price tag as a focal point of the announcement. 5 EYEWITNESS NEWS identified Stad as the buyer and reiterated the valuation. The New York Times ran a headline stating that Lore is selling a controlling stake to Stad at that valuation. Across these reports, the consistent elements are the identity of the buyer, the size of the deal, and the fact that the transaction is now in effect. The Star Tribune’s reference to “ownership changes again” suggests that Lore’s exit follows at least one prior ownership transition, underscoring a dynamic investment environment in Minnesota’s professional sports scene.

Analysts will watch for any public statements from Marc Stad outlining his strategic vision for the teams, as well as potential adjustments to front‑office leadership, player contracts or community programs. The completion of the approval process will determine how the $4.5 billion valuation is operationalized and what immediate changes, if any, will affect the Timberwolves and Lynx in the upcoming season.