The Minnesota Timberwolves and Lynx just changed hands again—Marc Lore sold his majority stake to tech investor Marc Stad for a jaw-dropping $4.5 billion, just 14 months after buying them from Glen Taylor. Lore is pivoting to focus on his food delivery company, Wonder, while Alex Rodriguez stays on board, boosting his ownership. Stad vows to keep both teams in Minnesota and push forward with the new arena. This rapid sale follows the record-breaking Lakers deal and underscores how NBA franchises are now seen as high-value business assets, having tripled in worth since 2021 thanks to soaring TV deals.
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