T-wolves, Lynx co-owner Lore agrees to sell his controlling stake at a $4.5B value, AP source says
Summary
Marc Lore, co-owner of the Minnesota Timberwolves and Lynx, has agreed to sell his controlling stake in both teams to Marc Shad. The deal values the franchises at $4.5 billion and comes about a year after Lore and Alex Rodriguez bought the teams for $1.5 billion.Key Facts
- Marc Lore and Alex Rodriguez bought the Timberwolves and Lynx from Glen Taylor in 2025 for $1.5 billion.
- Lore has now agreed to sell his controlling stake to limited partner Marc Shad at a $4.5 billion valuation.
- The deal was reported by an anonymous source and is not publicly detailed yet.
- Lore and Shad are essentially switching roles in the ownership structure.
- Alex Rodriguez will remain a co-owner of the teams.
- The current team leadership, including CEO Matt Caldwell, will continue in their roles.
- The Timberwolves’ basketball operations are led by Tim Connelly, and Chris Finch is the head coach.
- The Lynx’s basketball operations and coaching are overseen by Cheryl Reeve.
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