Marc Stad bought controlling stake in the Minnesota Lynx and Timberwolves at a $4.5B valuation, with coach Cheryl Reeve applauding the move.

No. 1 Minnesota is changing hands. Minority investor Marc Stad is finalizing a deal to buy the Timberwolves and Lynx at a $4.5 billion valuation.

  • CombatWombat@feddit.onlineOPEnglish
    2·
    3 days ago

    Hello, I would like one investment vehicle that quintuples in value in under two years, please

    The pending deal underscores the WNBA’s recent rise. Minnesota leapt from an $85 million valuation in 2024 to $405 million this month.