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Marc Lore to Sell Timberwolves, Lynx at $4.5 Billion Valuation

The Minnesota Timberwolves are being sold again only 14 months after Marc Lore and Alex Rodriguez secured the franchise after a protracted sales process that lasted four years. Marc Stad, a limited partner in the club, is buying Lore’s control stake at a $4.5 billion enterprise value, per ESPN. Lore will remain a limited partner […]

Major Timberwolves/Lynx Ownership Shift: Marc Lore to Marc Stad

The Minnesota Timberwolves and Lynx have a new majority owner after founder and partner of the Dragoneer Investment group, Marc Stad, bought majority shares from Marc Lore to become the controlling owner. In a sale that seemingly came out of nowhere in the eyes of the general public, ESPN’s Shams Charania reported that Marc Stad […]

Timberwolves join historic wave of massive NBA sales

Marc Stad is taking control of the Minnesota Timberwolves and Minnesota Lynx after reaching a deal to acquire the majority of Marc Lore’s stake, according to ESPN. The agreement puts a $4.5 billion value on the franchises and makes Stad their largest shareholder. The Dragoneer Investment Group founder was already part of the ownership group […] The post Timberwolves join historic wave of massive NBA sales appeared first on TalkBasket.net .

Marc Lore To Sell Controlling Interest In Timberwolves To Marc Stad

Controlling interest in another NBA franchise is changing hands, according to Shams Charania of ESPN, who reports (via Twitter) that Marc Stad is buying a majority stake in the Timberwolves from Marc Lore at a valuation of $4.5 billion. Stad is the founder and managing partner of Dragoneer Investment Group, an investment firm that manages […]

Timberwolves owner Marc Lore becomes latest to sell with $4.5 billion valuation

Just over a year after the NBA approved the sale of the controlling interest in the Minnesota Timberwolves and Lynx to Marc Lore and Alex Rodriguez, ownership is now changing. On Friday, ESPN was the first to report that American business leader Marc Stad is finalizing a deal with Lore to become the controlling owner […] The post Timberwolves owner Marc Lore becomes latest to sell with $4.5 billion valuation appeared first on ClutchPoints .

SB Nation Reacts: Retire Jersey Retirements (For Now)

It was fairly clear from the comments section and social media that the Timberwolves community strongly believe there aren’t any currently retired/soon-to-be retired players who’s jerseys should follow Kevin Garnett’s number 21 to the Target Center rafters. Based on the list that was provided to fans, Ricky Rubio was the strongest contender. That said, there […]

Anthony Edwards ordered to pay $14K in child support

Anthony Edwards has been ordered to pay $14,000 per month in child support to his ex, Alexandria Descroches, for their son Amir, whom the Timberwolves star says he has never met. According to court documents obtained by TMZ, the payment was calculated in part from Edwards’ monthly income of nearly $4.8 million. The final amount […] The post Anthony Edwards ordered to pay $14K in child support appeared first on TalkBasket.net .

Jamal Crawford sees rare chemistry in Edwards-Ball pairing

Jamal Crawford is already encouraged by the developing partnership between Anthony Edwards and LaMelo Ball, saying the Minnesota Timberwolves’ new backcourt has shown a level of chemistry that stands out to him. “That T-Wolves thing got me excited,” Crawford said on Cousins with Vince Carter and Tracy McGrady. “I’m watching Melo and Antman, they are […] The post Jamal Crawford sees rare chemistry in Edwards-Ball pairing appeared first on TalkBasket.net .

Court Orders Anthony Edwards To Pay Huge Child Support Bill for Kid He Claims He Never Met

Earlier this year, Anthony Edwards was fighting two separate paternity and child support cases. A judge recently ordered the Timberwolves star to pay Ayesha Howard $3,222 a month for their daughter, Aubri. Now, Edwards has received another ruling, this time in his case with Alexandria Desroches. The 25-year-old, who reportedly has a net worth of […] The post Court Orders Anthony Edwards To Pay Huge Child Support Bill for Kid He Claims He Never Met appeared first on EssentiallySports .

George Karl takes swipe at Denver over hurting Nikola Jokic’s top-10 case

It’s been reported that Nikola Jokic’s future with the Denver Nuggets may be on the rocks. Last season, the Nuggets were eliminated in the first round by the Minnesota Timberwolves. This after they finished with the third-best record in the West at 54-28. Meanwhile, former Nuggets coach George Karl is chastising the franchise for apparently […] The post George Karl takes swipe at Denver over hurting Nikola Jokic’s top-10 case appeared first on ClutchPoints .