Marc Stad has finalized the acquisition of a majority stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx, with the franchises valued at $4.5 billion. This significant transaction ranks as the fourth most expensive sale of an NBA team to date.
The deal sees Stad purchasing a substantial portion of co-owner Marc Lore's stake. The record-breaking valuation underscores the escalating financial worth of NBA franchises and marks a pivotal change in the ownership landscape for both the Timberwolves and the Lynx.
Marc Stad Buys Majority Stake in Timberwolves, Lynx for $4.5 Billion
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