Phil Riewer
Posts: 32870
Joined: 8/24/2007
From: MN
Status: offline
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quote:
ORIGINAL: TJSweens quote:
ORIGINAL: Bill Jandro Is Lore going to follow the Grampa Glen model and delay ownership transfer for 5 years (and lose a few billion)so he can show Stad the ropes of being a majority owner.... Lore bought for $1.5 billion and sold $4.5 billion. He tripled his money in a year, I'm sure he's happy. It's easy to see why Grampa Glen tried so desperately to shuttle his own deal. I think that was the total franchise valuation: Marc Lore held the controlling (majority) interest as the largest single shareholder in the Minnesota Timberwolves (and Lynx), but his exact individual percentage was not publicly disclosed. nytimes.com After the group led by Lore and Alex Rodriguez completed the acquisition from Glen Taylor (approved by the NBA in June 2025 at a $1.5 billion valuation, following earlier minority purchases totaling around 36% and a full buyout), Lore served as governor/co-chairman and was the largest single investor. He and Rodriguez together held over 50%, with the remainder split among roughly a dozen limited partners (including figures like Marc Stad, Michael Bloomberg, and Eric Schmidt), none of whom held a substantial individual percentage. startribune.com In August 2026, Lore agreed to sell his controlling stake to limited partner Marc Stad (at a $4.5 billion valuation for the franchises), stepping back to a limited/minority partner role to focus on his company Wonder, while Rodriguez increased his stake and remained a major co-owner. Exact post-sale percentages for Lore (or others) have also not been disclosed. nytimes.com Ownership details in private sports franchise deals are often not fully public beyond high-level controlling vs. minority distinctions.
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SSG Riewer, Greg A Co 2/136 CAB KIA 23 March 2007 Habbaniyah Iraq
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