Marc Lore Agrees to Sell Controlling Stake in Timberwolves and Lynx
Marc Lore, co-owner of the Minnesota Timberwolves and Lynx, has agreed to sell his controlling stake in the franchises to limited partner Marc Shad for a reported $4.5 billion. This comes just over a year after Lore finalized his purchase…
Fort Myers Naples, FL, August 21, 2026 —
Marc Lore, a co-owner of the Minnesota Timberwolves and Lynx, has reached an agreement to sell his controlling stake in the two professional sports franchises. The reported buyer is limited partner Marc Shad.
The deal is valued at a reported $4.5 billion. This potential transaction occurs just over a year after Marc Lore finalized his acquisition of the teams.
Further details regarding the specific terms of the agreement and the timeline for its completion were not immediately available. The status of league approvals for such a transaction was also not provided.
Story summarized from the original created by AP on apnews.com, see more information here.
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