The Lakers and Timberwolves may share Minnesota roots, but one is a worth a heck of a lot more than the other.
Businessman Marc Stad will become the controlling owner and largest shareholder of the Timberwolves and the WNBA’s Lynx in a deal valued at $4.5 billion, according to ESPN.
The move comes shortly after last week’s bombshell that the Lakers would be sold to businessman Josh Kushner and ex-Disney executive Bob Iger for an American sports record $12.5 billion.
The $4.5 billion figure ranks fourth in NBA history among ownership pacts and is pending approval from the Board of Governors, with its next meetings set for Sept. 15-16, per ESPN.
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