Alex Rodriguez is not following Marc Lore out the door.
Quite the opposite.
Rodriguez said Friday that he plans to increase both his investment and his involvement with the Minnesota Timberwolves and Lynx as Lore sells his controlling interest to Marc Stad in an ownership restructuring that values the franchises at $4.5 billion.
“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 on X. “I’m very excited to announce that this incredible journey reaches a new level today.”
Stad, founder and managing partner of Dragoneer Investment Group, is purchasing the majority of Lore’s stake and will become the largest shareholder, ESPN reported. Lore will remain a minority investor while stepping away from his role as Timberwolves governor to focus on taking his food-delivery company Wonder public.
For Rodriguez, the reshuffling means more responsibility — not less.
Alex Rodriguez Increasing Timberwolves Investment
Getty Former baseball player Alex Rodriguez sits court-side with partner Jaclyn Cordeiro before Game Seven of the Western Conference Second Round Playoffs between the Minnesota Timberwolves and the Denver Nuggets at Ball Arena on May 19, 2024 in Denver, Colorado.
Rodriguez said he will increase his financial commitment while becoming co-chairman with Stad, remaining governor of the Lynx and alternate governor of the Timberwolves, pending league approval.
“I will also be increasing my investment and spending even more time with the teams,” Rodriguez wrote.
That last part is significant.
The Athletic reported that Rodriguez is expected to become the more public-facing member of the ownership group and spend the most time on the ground in Minnesota, where he owns a home. Stad’s wife, Elisa, is expected to become the Timberwolves’ governor, allowing her husband to remain heavily involved with Dragoneer.
Rodriguez will also remain the ownership group’s second-largest shareholder behind Stad, according to The Athletic.
That makes this less of an ownership overhaul than a reshuffling at the top. Stad moves from the third position to the controlling stake. Rodriguez remains No. 2 and increases his commitment. Lore steps back but stays involved.
“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,” Rodriguez wrote.
Marc Lore Chose Continuity Over Bigger Offers
Getty(L-R) Elisa Stad and Marc Stad attend the 11th Breakthrough Prize Ceremony at Barker Hangar on April 05, 2025 in Santa Monica, California.
The timing nevertheless makes Lore’s decision striking.
Lore and Rodriguez initially agreed to purchase the Wolves and Lynx from Glen Taylor in 2021 at a $1.5 billion valuation. After a bitter ownership dispute with Taylor, they finally received NBA approval to assume control in 2025.
Barely a year later, Lore is surrendering the lead chair.
The Athletic reported that Lore had opportunities to sell his controlling interest at valuations higher than $4.5 billion, but chose Stad because he wanted continuity for the organization.
That continuity extends to the basketball operation.
Stad was already involved behind the scenes and consulted with team personnel during Minnesota’s recruitment of LeBron James this summer, according to The Athletic. The ownership group also reaffirmed its support for president of basketball operations Tim Connelly, coach Chris Finch, Lynx coach and president Cheryl Reeve and CEO Matt Caldwell.
Plans for a new arena and the group’s commitment to keeping the Timberwolves in Minnesota are also unchanged.
For a Wolves team built around 25-year-old Anthony Edwards and LaMelo Ball, that stability matters. Minnesota is trying to return to the Western Conference finals after its run ended in the second round last season.
Lore is stepping away from the day-to-day operation just as that pursuit continues.
Rodriguez’s message to Minnesota was that he is doing the opposite.
“I could not be more energized about this evolution,” Rodriguez wrote, “and what we’re all going to do together for the Twin Cities.”
Timberwolves’ Alex Rodriguez Makes Major Announcement After $4.5 Billion Ownership Shakeup