Tech investor Marc Stad has agreed a deal to buy a controlling stake in the Minnesota Timberwolves and Lynx. Marc Lore is selling the primary stake to Stad at a $4.5B market valuation.
Media outlets ranging from ESPN, The New York Times, Axios, and Yahoo Sports detailed the transaction on Friday, 21 August 2026. The $4.5 billion agreement transfers control of the Minnesota sports franchises to Stad. Lore agreed to the transfer, transferring ownership power of both the Timberwolves and the Lynx to the tech investor.