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Timberwolves Sold as NBA Ownership Boom Accelerates | Chicago Bulls News
The Minnesota Timberwolves just hit a major ownership shift as Marc Lore sells his stake to Marc Stad, who now holds majority control — with Alex Rodriguez staying on as co-owner and also gaining a majority stake in the Lynx. This follows their recent takeover of the team and comes amid a wild NBA ownership boom: the Lakers just sold for $12.5 billion — up from $10 billion — making it one of four record-breaking deals since March last year. The Timberwolves are now valued at $4.5 billion, trailing only the Lakers and Celtics. With the Bulls’ market heating up — especially after the Waltons…
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