Alex Rodriguez 'energized' amid Timberwolves and Lynx ownership shakeup

May 4, 2024; Denver, Colorado, USA; Minnesota Timberwolves minority owner Alex Rodriguez during the second half against the Denver Nuggets during game one of the second round for the 2024 NBA playoffs at Ball Arena. Mandatory Credit: Ron Chenoy-USA TODAY Sports

Alex Rodriguez 'energized' amid Timberwolves and Lynx ownership shakeup

Originally posted on Bring Me The Sports
By Jonathan Harrison | Last updated Aug 22, 2026 9:04 AM ET

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Just a year after finalizing the full purchase of the Timberwolves and Lynx from long-time owner Glen Taylor, Alex Rodriguez has a new partner at the top of the organization’s ownership structure.

On Friday, news broke that Marc Lore is selling his majority ownership stake in the Timberwolves and Lynx to limited partner Marc Stad. Lore will remain a limited partner while he focuses on his other company, Wonder.

“One of the great joys I’ve had in my career is spending the last few years helping build the Timberwolves and Lynx with my friend and partner Marc Lore,” Rodriguez wrote in a post on social media on Friday. “I’m very excited to announce that this incredible journey reaches a new level today. Marc and Elisa Stad, who have been our partners and friends since we bought the teams, will be increasing their investment and joining me as Co-Chairman.”

One of the great joys I’ve had in my career is spending the last few years helping build the Timberwolves and Lynx with my friend and partner Marc Lore. I’m very excited to announce that this incredible journey reaches a new level today. Marc and Elisa Stad, who have been our…
— Alex Rodriguez (@AROD) August 21, 2026

Lore and Rodriguez began the process of purchasing the team from Taylor in 2021, incrementally increasing their ownership stake over the next several years. Legal battles between Taylor and the Lore-Rodriguez duo held up the final transfer of ownership. Eventually, the legal issues were settled, and Lore and Rodriguez’s took over early last year.

In his statement, Rodriguez confirmed that he will remain the public face of the ownership group and the controlling governor of the Lynx. Marc Stad’s wife, Elisa, will be the new controlling governor of the Timberwolves.

“I will also be increasing my investment and spending even more time with the teams as Co-Chairman, Governor of the Lynx, and alternate Governor of the Timberwolves, pending league approval,” continued Rodriguez.

“While Marc Lore will be reducing his role and ownership to focus on his business, he remains an investor and a key part of our partnership. I could not be more energized about this evolution and what we’re all going to do together for the Twin Cities.”