New owner deal values Timberwolves and Lynx at $4.5bn

The Minnesota Timberwolves change owners in a deal which makes them the fourth-most expensive NBA franchise to be sold.

Stad is buying Marc Lore’s majority stake at a $4.5 billion valuation, while Alex Rodriguez will remain an owner. Here’s the shakeup means for Minnesota’s NBA and WNBA franchises

Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to limited partner Marc Shad at a $4.5 billion value barely a year after his purchase was finalized.

T-wolves, Lynx co-owner Lore agrees to sell his controlling stake at a $4.5B value, AP source says  AP News