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Last updated: August 23, 2026, 2:48 AM ET

NBA Franchise Ownership

Billionaire businessman PERSON_NAME has acquired a controlling stake in the ADDRESS Timberwolves and WNBA's Lynx, marking a seismic shift in franchise control. The deal hands the American investor majority ownership of both organizations, ending years of speculation about the teams' long-term direction. Financial terms were not disclosed, but the transaction positions PERSON_NAME as the primary decision-maker for the NBA club and its WNBA counterpart.