Marc Stad buys Timberwolves, Lynx control at $4.5 billion valuation

The valuation triples the clubs' 2025 sale price.

Wire Report IntelligenceUpdated Aug 211 min read

Stad, the founder and managing partner of Dragoneer Investment Group, had been a significant minority investor in the Ti Via @ShamsCharania on X

What happened: The Dragoneer Investment Group founder acquired most of Marc Lore's stake after serving as a significant minority investor. Alex Rodriguez will increase his equity, while Lore will retain a minority investment.

Why it matters: The transfer gives the Minnesota Timberwolves and Minnesota Lynx a second controlling-owner change in just over a year. Leadership remains within the existing investor group but shifts to the Stad family.

By the numbers: The $4.5 billion valuation is three times the $1.5 billion price attached to the Lore-Rodriguez acquisition approved in 2025.

What to watch: The NBA's review of the revised ownership structure is the next checkpoint.

Sources

@ShamsCharania 2026-08-21T15:01:02.713247+00:00

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