Alex Rodriguez reaffirms his commitment to the Minnesota Timberwolves and the Minnesota Lynx
Former Major League Baseball player Alex Rodriguez remains a fundamental piece in the administrative structure of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx. Despite a reconfiguration in the investor group that leads both organizations, the Dominican will not only retain his role but will increase his equity stake within the teams.
The recent financial transaction, which values both franchises at 4.5 billion dollars, involves the entry of American businessman Marc Stad, who acquired Marc Lore’s majority stake. This strategic move ensures the continuity of the sports vision that has characterized the current management.
A strategic alliance for success
The agreement establishes that Stad, Lore, and Rodriguez will work together under a solid leadership structure. As part of the transition, Elisa Stad, wife of Marc Stad, is positioned to assume the role of governor of the Timberwolves, while Rodriguez will maintain his status as co-owner, further consolidating his influence in professional sports in the United States.
We have been working together for years with the shared goal of making the Timberwolves and the Lynx the best organization in basketball, both on and off the court.
Joint statement from Stad, Lore, and Rodriguez.
Next steps for the organization
- Marc Lore will remain linked to the project as a minority investor, allowing him to dedicate more time to his technology company, Wonder Group.
- The transaction is subject to formal approval by the NBA Board of Governors, whose meeting is scheduled for September 15 and 16.
- The investment group’s primary focus remains the pursuit of championships and operational excellence for the franchises.
Since Rodriguez and Lore acquired their first stakes in 2021 from Glen Taylor, the goal has been clear: to position Minnesota’s teams among the elite of basketball. With this new structure, Alex Rodriguez reinforces his commitment to the long-term development and success of both organizations.
