Inside Marc and Elisa Stad’s rise: From modest beginnings to Timberwolves’ owners

Marc and Elisa Stad have agreed to acquire controlling ownership of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx. The couple has partnered with minority owner Alex Rodriguez to run both franchises, with the pending transaction awaiting formal approval from the NBA Board of Governors. The purchase follows a prolonged arbitration battle between Marc Lore, Rodriguez, and former owner Glen Taylor.

Marc Stad built an investment career in the private equity sector after growing up in East Los Angeles. Elisa Stad spent her youth in Boise, Idaho, before the couple achieved substantial business success. Known for keeping a low public profile, the Stads are viewed by business colleagues and associates as philanthropic and long-term focused stewards for the Minnesota franchises.