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Timberwolves Sold as NBA Ownership Boom Accelerates | Chicago Bulls News
- Published
- August 21, 2026
- Duration
- 1:28
- Summary source
- description
- Last updated
- Aug 30, 2026
Discusses basketball.
Summary
The Minnesota Timberwolves just hit a major ownership shift as Marc Lore sells his stake to Marc Stad, who now holds majority control — with Alex Rodriguez staying on as co-owner and also gaining a majority stake in the Lynx. This follows their recent takeover of the team and comes amid a wild NBA ownership boom: the Lakers just sold for $12.5 billion — u…
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Show notes
The Minnesota Timberwolves just hit a major ownership shift as Marc Lore sells his stake to Marc Stad, who now holds majority control — with Alex Rodriguez staying on as co-owner and also gaining a majority stake in the Lynx. This follows their recent takeover of the team and comes amid a wild NBA ownership boom: the Lakers just sold for $12.5 billion — up from $10 billion — making it one of four record-breaking deals since March last year. The Timberwolves are now valued at $4.5 billion, traili
Themes
- basketball