Marc Lore Sells Wolves and Lynx for $4.5B | Mobile News

Marc Lore is selling his controlling stake in the Minnesota Timberwolves and Lynx for $4.5 billion — a jaw-dropping windfall just one year after buying them for $1.5 billion. The deal, approved in June 2025, sees Lore stepping back to focus on his food delivery startup Wonder, while limited partner Marc Stad takes over as head of the new ownership group. Alex Rodriguez remains as co-owner and public face of both teams. Current leadership, including coaches and executives, stays intact, pledging championship ambitions. The Timberwolves, still titleless but trending upward, and the Lynx, with four titles and strong this season, are committed to staying in Minneapolis and building toward a new arena. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/73bfdf63fe92058a