American businessman Marc Stad has purchased the controlling interest in both the Minnesota Timberwolves NBA team and the Minnesota Lynx WNBA team, according to sources.
Stad’s acquisition makes him the principal owner of both franchises.
This purchase transfers ownership of the Timberwolves and Lynx to Stad, marking a significant change in leadership for both professional basketball teams based in Minnesota.
ESPN sources confirmed that Stad has taken a lead stake in the teams, signifying a complete shift in control.
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