Jon Krawczynski: 'Alex Rodriguez is going to be even more I think of the public front man because of Marc Stad's preference to stay behind the scenes. But Stad and A-Rod are working hand-in-hand and you will see Alex Rodriguez a ton, I think, next season. You will see Marc Stad some, but this really does just work out very smoothly, I think, as far as a change of ownership goes. Marc Lore has to devote all of his time, all of his financial resources to the company Wonder that he's trying to take public, I think as soon as early next year, and he cashes out at an incredible investment level going from 1.5 billion to 4.5 billion valuation is is unbelievable. He is still going to be involved though, he is a still a limited partner with this group,
he's not leaving entirely, he's just taking a step back.'
More on Alex Rodriguez: Recent HoopsHype Rumors
Michael Scotto: Jonathan Kuminga chose the Timberwolves because he felt it was the best basketball fit and gives him a chance to start at power forward for a contender. Wolves stars Anthony Edwards and LaMelo Ball, executive Tim Connelly, and owner Alex Rodriguez all actively recruited Kuminga. — 8/26/2026 x.com
"Marc Stad and his wife Elise are now the controlling owners of the Timberwolves. The Stad family was invested as minority owners the last two-plus years along with Marc Lore and Alex Rodriguez. As far as it's been told to me, Marc and Alex have really grown to love the minority partnership with Marc Stad." — 8/26/2026 YouTube
Shams Charania: Largest sales in NBA history all happening over the last 17 months:? Lakers: $12.5 billion ? Lakers: $10 billion ? Celtics: $6.1 billion ? Timberwolves/Lynx: $4.5 billion — 8/21/2026 x.com
Shams Charania: Stad, the founder and managing partner of Dragoneer Investment Group, had been a significant minority investor in the Timberwolves and Lynx under the ownership group of Lore and Alex Rodriguez. Sources said the transfer of ownership between the Stad family and Lore developed after months of conversations and allowed Stad, Rodriguez and Lore to continue working together and maintain the Timberwolves and Lynx current leadership structures. Stad’s wife, Elisa Stad, will serve as the Timberwolves governor. Rodriguez will continue to serve as a co-owner of both the Timberwolves and Lynx. — 8/21/2026 x.com
Shams Charania: American business leader 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 by buying the majority of co-owner Marc Lore’s stake at a $4.5 billion valuation, sources tell ESPN. — 8/21/2026 x.com
Jon Krawczynski: Marc Stad has been a quietly influential figure in the Wolves ownership group ever since Lore and Rodriguez took over. Lore is taking a step back to focus on taking his company Wonder public. A reorganization at the top of the food chain in Minnesota at a valuation of $4.5B — 8/21/2026 x.com
Jon Krawczynski: Marc Lore is selling controlling interest in the Timberwolves and Lynx to Marc Stad, who has been a limited partner in the ownership group, sources tell @TheAthletic . Lore will remain as a limited partner. Stad and Alex Rodriguez are the new tandem leading the way in Minnesota. — 8/21/2026 x.com
Ben Horney: This is confirmed by A-Rod, Lore, & Stad (who was already an LP). In a joint statement, they say, in part: "Our new agreement, pending league approval, is an evolution of the partnership we have built together and strengthening of our commitment to our team and our culture." — 8/21/2026 x.com
The Timberwolves have reached the playoffs in each of the five seasons since Lore and Rodriguez bought into the team, advancing beyond the first round in each of the past three seasons. Lore and Rodriguez went into the luxury tax in both 2024-25 and 2025-26 as the Wolves proved to be a contender in the Western Conference. Prior to the Lore-Rodriguez era, the Timberwolves had only won two playoff series in franchise history, both in 2004. They've won five playoff series this decade, advancing to the conference finals in both 2024 and 2025. — 8/21/2026 ESPN
Marc Stad founded Dragoneer in 2012 and built the firm into one of the largest growth investment companies, which now manages over $35 billion in capital, according to Forbes. He also joined the original ownership group in the NHL's Seattle Kraken in 2018 as a minority shareholder, holding close relationships with owner Samantha Holloway and her father, the late David Bonderman. Lore and Rodriguez bought into the Timberwolves in 2021 at a $1.5 billion valuation, with an agreement to eventually purchase the team in full from previous owner Glen Taylor, who later tried to stop the transfer of the team. Lore and Rodriguez officially took full control in June 2025, and re-upped their commitment to keeping the franchise in Minnesota. However, the Target Center is the second-oldest building in the NBA (behind only Madison Square Garden), and ownership has been working with the city of Minneapolis on plans for a new arena. — 8/21/2026 ESPN
This article originally appeared on Hoops Hype: Alex Rodriguez expected to become more of Timberwolves' public face
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