A-Rod Boosts Timberwolves Ownership In Historic Deal

Minnesota Timberwolves co-owner Alex Rodriguez

Marc Stad to take control of Timberwolves and Lynx as A-Rod ups stake. Timberwolves sale valued at $4.5 billion, 4th largest in NBA history.

A-Rod and Lore complete Timberwolves takeover after years-long dispute.

Retired MLB star Alex Rodriguez said on Friday he is increasing his stake in the Minnesota Timberwolves and Lynx as part of a new ownership deal that reportedly values both franchises at $4.5 billion.

Tech investor Marc Stad is moving from minority owner to controlling owner of the teams, replacing co-chairman Marc Lore. Lore will stay on but in a reduced role.

According to ESPN, which first reported the news, the $4.5 billion valuation ranks the Timberwolves sale as the fourth-largest in NBA history.

“I'm very excited to announce that this incredible journey reaches a new level today.

“Marc and Elisa Stad, who have been our partners and friends since we bought the teams, will be increasing their investment and joining me as Co-Chairman.

“I will also be increasing my investment and spending even more time with the teams as Co-Chairman, Governor of the Lynx, and alternate Governor of the Timberwolves, pending league approval.”

Lore, a businessman, and Rodriguez, a 14-time MLB All-Star and 2009 World Series champion with the New York Yankees, officially took control of the teams after receiving NBA approval last summer.

The deal ended a lengthy process that began when former owner Glen Taylor agreed to a reported $1.5 billion sale in 2021, only to later attempt to block it.

One of the great joys I’ve had in my career is spending the last few years helping build the Timberwolves and Lynx with my friend and partner Marc Lore. I’m very excited to announce that this incredible journey reaches a new level today. Marc and Elisa Stad, who have been our…

— Alex Rodriguez (@AROD) August 21, 2026

Minnesota finished 49-33 last season for the second year running. In the playoffs they knocked out the Denver Nuggets before losing to the San Antonio Spurs in the Western Conference semi-finals.

“I could not be more energised about this evolution and what we're all going to do together for the Twin Cities,” said Rodriguez.