Timberwolves Ownership Changes Hands in Quick Sale

Marc Lore has sold his majority stake in the Minnesota Timberwolves one year after taking control, marking another instance of quick ownership changes in the NBA.

The sale involved Marc Stad, who previously held a smaller stake in the team, becoming the controlling owner at a valuation of $4.5 billion. Lore will retain a smaller share, while Alex Rodriguez will continue as the public-facing owner.

This transaction follows a similar pattern seen with the Los Angeles Lakers, where Mark Walter sold his stake amid financial restructuring. Both sales resulted in significant profits for the sellers, highlighting the trend of viewing NBA teams as valuable investment assets.