Lore bought out by Marc Stad

[Sundog]

Shams: American business leader Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx by buying the majority of co-owner Marc Lore’s stake at a $4.5 billion valuation, sources tell ESPN.

[BloopOracle]

Someone tell me how to feel

[FNG]

Someone tell me how to feel

How about "envious of Lore getting a 300% return on his investment in just a couple years"? I have "become a billionaire" on my to do list, but I keep forgetting to get to it .

[WildWolf2813]

Someone tell me how to feel

sounds like Lore and Stad are mainly swapping roles with Lore maybe having lesser of a stake than when he started

A-Rod is now gonna be more involved and has more of a stake

This also explains why Lore wasn't seen as much as before.

My only question now is where does Bloomberg fit in as he was the silent buyer.

[guest81]

Someone tell me how to feel

Billionaires are all scam artists and will bleed is dry until there's nothing left

[thedoper]

And Marc Lore the close up magic specialist makes a killing on a short term investment. This was always the danger of having these new waves of tech bros as owners in the NBA. These are quick turnaround assets for these guys and not a legacy play.

[Q-is-here]

Someone tell me how to feel

Billionaires are all scam artists and will bleed is dry until there's nothing left

How? As if the word "billionaire" is a fixed character trait versus a mathematical description of a person's net worth. Are people worth a $100 Million also bleeding us dry? How about someone worth $10 Million? Or $1Million? At what net worth threshold does someone become a scam artist anyway and what is the process in which the metamorphosis occurs?

[Q-is-here]

And Marc Lore the close up magic specialist makes a killing on a short term investment. This was always the danger of having these new waves of tech bros as owners in the NBA. These are quick turnaround assets for these guys and not a legacy play.

And guess what? Making a legacy play is no less egotistical - and perhaps more so - than selling high. There are some TERRIBLE owners out there that are in the legacy business and fans would love nothing more than for them to sell but they stubbornly hang on.

[TheGrey08]

Someone tell me how to feel

sounds like Lore and Stad are mainly swapping roles with Lore maybe having lesser of a stake than when he started

A-Rod is now gonna be more involved and has more of a stake

This also explains why Lore wasn't seen as much as before.

My only question now is where does Bloomberg fit in as he was the silent buyer.

Yep, Lore and Strad effectively swapped roles with A-Rod getting a bit more stake.

[Phenom]

Does this keep the lights on at Target Center and the next building?

Does this keep a competitive team on the floor?

Does this address the power forward position?

If 2/3 are yes, we are in good shape.