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Timberwolves, Lynx ownership changes again as Marc Lore reportedly sells majority stake
Summary by The Minneapolis Editorial Desk Star Tribune
· August 21, 2026
· 1 min read
Photo: Star Tribune · view original
Story provenance No corrections
Summary created by The Minneapolis Editorial Desk — automated, rule-governed Published by Star Tribune Original story Read at the source Source published Aug 21, 2026 Indexed here Aug 21, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points This development comes after the franchises were sold for $1. Marc Lore is reportedly selling his majority stake in the franchises.
Ownership of the Timberwolves and Lynx is changing hands once again. Marc Lore is reportedly selling his majority stake in the franchises. The valuation for this sale is $4.5 billion.
This development comes after the franchises were sold for $1.5 billion last year. The significant increase in valuation suggests a substantial shift in the value of the teams.
Further details about the sale and its implications are available from the source, providing more insight into the transaction and its potential impact on the franchises.
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Category: News Published: August 21, 2026 Source: Star Tribune Reading time: 1 min
Frequently asked about this story
What is this story about? Ownership of the Timberwolves and Lynx is changing hands once again. Marc Lore is reportedly selling his majority stake in the franchises. The valuation for this sale is $4.5 billion. This…
When was this published? This article was first published on August 21, 2026 by Star Tribune and curated for The Minneapolis readers.
Who reported this story? This story was reported by Star Tribune. To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
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