Marc Stad Takes Control of Timberwolves and Lynx

American businessman Marc Stad has acquired a controlling stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx. Stad's takeover sees him buying out Marc Lore's majority stake at a valuation of $4.5 billion, marking a significant shift in the ownership landscape of these franchises. Alex Rodriguez, who was previously involved in the ownership, will remain a minority partner. This change is expected to bring new strategic directions and investments to both teams, potentially impacting their future performance and market presence.