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USA TODAY Sports
Just 14 months after his purchase of the Minnesota Timberwolves was approved, Marc Lore is selling his majority stake to businessman Marc Stad. https://t.co/bb9vBkjohg
ESPN
American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx, sources tell @ShamsCharania. https://t.co/ayZG0qHEEY
Jon Krawczynski
What I’m told on what is always the biggest question in a change of ownership power: Stad is fully on board with Lore and Rodriguez’s position that they will not move the Wolves and Lynx and is all in on building a new arena in Minnesota.
Jon Krawczynski
Marc Lore is selling controlling interest in the Timberwolves and Lynx to Marc Stad, who has been a limited partner in the ownership group, sources tell @TheAthletic. Lore will remain as a limited partner. Stad and Alex Rodriguez are the new tandem leading the way in Minnesota.
ClutchPoints
Jon Krawczynski
Marc Lore is selling controlling interest in the Timberwolves and Lynx to Marc Stad, who has been a limited partner in the ownership group, sources tell @TheAthletic. Lore will remain as a limited partner. Stad and Alex Rodriguez are the new tandem leading the way in Minnesota.
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