Latest / Duluth News Today | 2 Min News | The Daily News Now!
Marc Stad Takes Over Wolves and Lynx | Duluth News
Marc Stad, finance titan and head of Dragoneer Investment Group, is taking over as the new controlling owner of both the Minnesota Timberwolves and Lynx in a $4.5 billion deal — triple what Marc Lore and Alex Rodriguez paid just a year ago. Stad’s wife, Elisa, is poised to lead the Wolves as governor, while Lore and Rodriguez remain involved as limited partners. The current leadership team stays intact, pledging to focus on championships and culture, with talks of a new arena looming. This marks a major ownership shift — and a fresh chapter for both franchises. Listen in comfort:Get a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.