Marc Stad Takes Over Timberwolves and Lynx | Denver News

Marc Stad, founder of Dragoneer Investment Group and tech heavyweight behind OpenAI and Waymo, has become the majority owner of the Minnesota Timberwolves and Lynx in a $4.5 billion deal that reshapes NBA ownership. Former co-owner Marc Lore steps back to focus on his food-tech empire, Wonder Group, while Stad’s vision centers on championship success. Alex Rodriguez remains a co-owner, and Stad’s wife, Elisa, takes over as governor of the Timberwolves. The move signals a new era for both teams — with hardware as the ultimate goal. 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/68f1f58fe4163109