What happened: Marc Stad, already a limited partner, would take the controlling position. Lore would retain a limited stake, while Alex Rodriguez would remain a co-owner.
Why it matters: The agreement comes barely a year after the clubs' previous purchase received league approval. The ownership group has committed to retaining the current basketball leadership.
By the numbers: The $4.5 billion valuation is three times the $1.5 billion sale price approved in June 2025.
What to watch: League approval is the next formal step before control changes hands.