Marc Stad completes deal to become controlling owner of Minnesota Timberwolves and Lynx
Marc Stad, an American businessman, has completed a deal to become the controlling owner and largest shareholder of both the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx. This acquisition marks a significant ownership change for both Minnesota professional basketball franchises. Stad now holds the majority stake in both organizations.
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Sources: Stad buys lead stake in T-Wolves, Lynx
Marc Stad, an American businessman, has completed a deal to become the controlling owner and largest shareholder of both the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx. This acquisition marks a significant ownership change for both Minnesota professional basketball franchises. Stad now holds the majority stake in both organizations.
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