Sport

Stad Buys Stake in NBA and WNBA Teams

Updated 2026-08-21 15:40 UTC 1 source Neutral

American businessman Marc Stad has acquired a controlling ownership stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx. The deal marks a significant shift in team management.

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ESPN

Sources: Stad buys lead stake in T-Wolves, Lynx

American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx, sources tell ESPN.

2026-08-21 16:29 UTC