American businessman Marc Stad is now the controlling owner of the Minnesota Timberwolves. This massive deal values the NBA franchise and the Minnesota Lynx at a reported combined total of $4.5 billion, with Stad taking the majority stake from co-chairman Marc Lore.
A-Rod Doubles Down on the Wolves
Stad, already a minority investor, is stepping up big time, joining former MLB star Alex Rodriguez as co-chairman. Rodriguez himself confirmed the news on Friday, making it clear he’s increasing his *own* investment in the teams. He even posted on social media that his “incredible journey reaches a new level today.” Plus, A-Rod will be dedicating even more time to the teams, taking on the role of Governor for the Lynx and alternate Governor for the Timberwolves, all pending league approval, of course.
Billions, Bucks, and Ballers
ESPN, which broke this bombshell, reported that the $4.5 billion valuation isn’t just chump change. It actually marks the fourth-largest franchise sale in NBA history! Lore and Rodriguez originally bought into the Minnesota teams back in 2021 when the valuation was a mere $1.5 billion, then assumed full control last year. This is the second major NBA ownership change this month alone, following the LA Lakers’ record-breaking deal just last week. On the court, the Timberwolves, with their four-time NBA All-star Anthony Edwards, made it to the Western Conference last season, though they ultimately lost to the San Antonio Spurs.
Big Moves in Minnesota
So, with Stad now at the controlling owner helm and Rodriguez deepening his commitment, the power dynamic in Minnesota just shifted in a major way. What does this massive new investment mean for a team boasting a talent like Anthony Edwards and aiming for the top? The Wolves are making some serious moves off the court, and you know that changes everything on it.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
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