Marc Lore Agrees to Sell Controlling Stake in Timberwolves, Lynx for $4.5 Billion
Marc Lore, co-owner of the Minnesota Timberwolves and Lynx, has agreed to sell his controlling stake in the franchises to limited partner Marc Shad for $4.5 billion. This agreement comes just over a year after Lore finalized his purchase of…
Philadelphia, PA, August 21, 2026 —
Marc Lore, a co-owner of the Minnesota Timberwolves and Lynx, has reached an agreement to sell his controlling stake in both professional basketball franchises to limited partner Marc Shad. The transaction is valued at $4.5 billion.
This development marks a significant shift in team ownership less than two years after Lore initially finalized his purchase of the teams. The agreement with Shad is set to move forward, pending the fulfillment of necessary closing conditions.
Details regarding the specific timeline for the completion of the sale or the exact terms beyond the total valuation were not immediately available. The sale represents a substantial financial undertaking, reflecting the current market value of NBA and WNBA franchises.
Marc Lore became a prominent figure in the ownership of the Timberwolves and Lynx following a protracted acquisition process that concluded in 2023. His decision to sell his controlling stake now, after a relatively short period of ownership, is notable.
Marc Shad, the prospective buyer, is already a limited partner within the ownership group, suggesting a continuity of involvement from within the existing structure. The financial scale of the deal underscores the high stakes involved in professional sports team ownership and investment.
Further information regarding the implications of this ownership change for the Timberwolves and Lynx, including potential impacts on team operations or management, is expected to emerge as the sale process progresses.
Story summarized from the original created by DAVE CAMPBELL on www.inquirer.com, see more information here.
