Marc Lore sells controlling stake in Timberwolves and Lynx for $4.5 billion

In August 2026, Marc Lore sold his controlling stake in the Minnesota Timberwolves and Lynx to Marc Stad for $4.5 billion. This sale occurred just a year after Lore and Alex Rodriguez purchased the franchises from Glen Taylor for $1.5 billion. The ownership transition is expected to maintain the current leadership structure, with Rodriguez remaining involved. Lore's decision to step back is influenced by his focus on his food delivery business, Wonder, which is preparing for a public IPO.