Marc Stad set to become Timberwolves’ controlling owner in $4.5 billion deal

Marc Stad is set to become the controlling owner of the Timberwolves and Lynx. This significant deal values the franchises at an impressive $4.5 billion. Marc Lore will reduce his involvement and remain a minority investor in the teams. Alex Rodriguez is expected to increase his ownership stake under the new arrangement. The transaction awaits NBA Board of Governors approval before finalization.