Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to businessman and limited partner Marc Stad.The deal values the NBA and WNBA franchises at $4.5 billion, ESPN reported.Alex Rodriguez, a 14-time MLB All-Star and FOX MLB studio analyst, said Friday that he plans to increase his equity stake in both franchises. Lore, meanwhile, will retain a minority stake. The size of Lore’s and Rodriguez’s respective ownership stakes was not immediately clear.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMLore stepped away from his roles as co...
Marc Stad assumes controlling stake in Timberwolves, Lynx; Alex Rodriguez remains WNBA's franchise's governor
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