Marc Stad buying controlling stake in Minnesota Timberwolves, Lynx for $4.5 billion

2 verified updates • corroborated by 2 independent sources • tracked since August 21, 2026

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Aug 21, 11:01 PM 1 source: CNN
Marc Stad buying controlling stake in Minnesota Timberwolves, Lynx for $4.5 billion
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Aug 22, 08:01 AM 2 sources: CNN, Star Tribune (Minnesota)