Marc Lore Vende su Participación Mayoritaria de los Timberwolves por $4.500 Millones

Marc Lore has agreed to sell his controlling stake in the Minnesota Timberwolves and Minnesota Lynx to minority partner Marc Stad at a valuation of 4.500 billion dollars, according to a person with direct knowledge of the transaction. The agreement arrives just one year after Lore and former Major League Baseball star Alex Rodriguez finalized their prolonged purchase of the NBA and WNBA franchises from longtime owner Glen Taylor in June 2025.

Under the terms of the new agreement in Minneapolis, Lore will retain a limited financial stake while effectively swapping roles with Stad, the founder of the California-based technology investment firm Dragoneer. Rodriguez will remain as a co-owner and continue serving as the most publicly visible face of the professional basketball franchises.

Strategic Shifts and Leadership Continuity

The decision by Lore to relinquish his majority control stems from a desire to focus entirely on his food-delivery enterprise, Wonder, which has initiated preparations for an initial public offering, according to a second person with direct knowledge of the situation who spoke on condition of anonymity. Despite the restructuring at the top, ownership and front-office leadership intend to maintain stability across the organization.

Lore, Rodriguez, and Stad released a joint statement confirming their ongoing partnership and expressing unwavering support for the current executive leadership group. That roster includes chief executive officer Matt Caldwell, president of basketball operations Tim Connelly, head coach Chris Finch, and Lynx president of basketball operations and head coach Cheryl Reeve. “Hemos estado trabajando juntos durante años con el objetivo compartido de convertir a los Timberwolves y las Lynx en la mejor organización de baloncesto dentro y fuera de la cancha,” the owners stated. “Nuestra prioridad es y siempre será ganar campeonatos.”

Franchise Valuation and Arena Realities

The valuation jump to 4.500 billion dollars highlights the rapid escalation of sports franchise values since Lore and Rodriguez originally agreed to purchase the clubs from Glen Taylor in a complex and contentious deal that spanned more than four years. Both teams currently play their home games at the Target Center, which opened in 1990 during the Timberwolves’ second season following their arrival as an expansion franchise. Previous ownership disclosures indicated a shared desire to keep the teams anchored in downtown Minneapolis, with long-term aspirations pointing toward a potential new arena development.

On the hardwood, the Minnesota Lynx continue a rich tradition since joining the WNBA as an expansion franchise in 1999, capturing four league championships and maintaining a formidable position this season behind star guard Napheesa Collier and rookie standout Olivia Miles. Meanwhile, the Minnesota Timberwolves have experienced a renaissance since selecting Anthony Edwards with the first overall pick in the 2020 NBA draft, hiring Finch in 2021, and bringing in Connelly in 2022. After reaching the Western Conference finals in both 2024 and 2025—and subsequently adding point guard LaMelo Ball during a busy offseason—the franchise eyes sustained contention as the new ownership structure awaits formal league approval.