The Minnesota Timberwolves and Lynx have a new majority owner after founder and partner of the Dragoneer Investment group, Marc Stad, bought majority shares from Marc Lore to become the controlling owner.
In a sale that seemingly came out of nowhere in the eyes of the general public, ESPN ‘s Shams Charania reported that Marc Stad bought Marc Lore’s shares to become the majority owner of both Minnesota pro basketball franchices. Lore and Alex Rodriguez started their multiple-year purchase of these teams in 2021 in a unique process from long-time owner Glen Taylor in sections. After the drama that ensued with this agreement between the two…
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