The $4.5 Billion Minnesota Deal: What’s Driving the Multi-Billion-Dollar Rush?

The $4.5 Billion Minnesota Deal: What’s Driving the Multi-Billion-Dollar Rush?

The sports world has barely had time to process Mark Walter’s sale of the Los Angeles Lakers just over a year after he acquired a majority stake from the Buss family. Now, the spotlight has shifted to Minnesota, where the Timberwolves and Lynx could be heading toward a major ownership change. The claim is that Marc Lore is selling his controlling stake in the Minnesota Timberwolves and WNBA’s Minnesota Lynx to billionaire investor Marc Stad, in …

Why value of Wolves, Lynx has skyrocketed to $4.5 billion — and investors still see upside

Winning, star power, massive media deals and a potential new arena are fueling investor interest in Minnesota’s NBA and WNBA franchises.

Chip Scoggins: The Timberwolves and Lynx may have a new owner. But they shouldn’t have a new plan.

MINNEAPOLIS — The Timberwolves and Lynx have a new majority owner. The good news is we don’t have to learn a new first name. One Marc is stepping back, a new Marc is stepping forward. Based on the way the…

Financial News Network - Marc Stad assumes controlling stake in Timberwolves, Lynx; Alex Rodriguez remains WNBA franchise's governor

Financial news and information from FinancialNewsNetwork.com.

Marc Stad Buying Timberwolves for $4.5 Billion as Marc Lore Cashes Out and A-Rod Sticks Around

The Minnesota Timberwolves have a new controlling owner, and this time it happened without a lawsuit, an arbitration hearing, or a public war of words. Jon Krawczynski of The Athletic reported Thursday that Marc Lore is selling his majority stake in the Wolves and Lynx to limited partner Marc Stad at a $4.5 billion valuation. …