Marc Stad To Become Wolves' Controlling Owner At $4.5 Billion Valuation

Marc Stad has reached agreement to become the controlling owner and largest shareholder of the Minnesota Timberwolves at a $4.5 billion valuation. Stad will purchase the majority of Marc Lore's stake in the franchises. Stad's wife, Elisa Stad, will serve as governor of the Wolves. Stad is the founder and managing partner of San Francisco-based Dragoneer Investment Group. Stad attended Harvard for undergrad and received an MBA from Stanford Graduate School of Business. Stad had been a signific...