Timberwolves Announce New Team Owner

Local Businessman Marc Lore to Take Over Ownership

Lore Brings Wealth of Experience to the Team

The Minnesota Timberwolves have announced that local businessman Marc Lore will be taking over ownership of the team. Lore has been a minority owner of the team since 2021, but he is now set to become the majority owner.

Lore is a serial entrepreneur and investor who has founded several successful businesses, including Jet.com, which was acquired by Walmart in 2016. He is also a co-founder of the e-commerce platform Dia&Co, which caters to plus-size women.

Lore has a wealth of experience in business and technology, which he is expected to bring to the Timberwolves. He is also a passionate basketball fan, and he is committed to building a winning team in Minnesota.

Lore's Plans for the Timberwolves

Lore has said that he wants to make the Timberwolves a "destination franchise." He plans to invest in the team's infrastructure, including the Target Center, and he wants to build a strong team culture.

Lore has also said that he wants to make the Timberwolves more involved in the community. He wants to create programs that will benefit local youth and families, and he wants to make the team a source of pride for the city of Minneapolis.

Reaction to the News

The news of Lore's ownership has been met with positive reaction from fans and local leaders. Many people believe that Lore is the right person to lead the Timberwolves, and they are excited about the future of the team.

Mayor Jacob Frey said that Lore is a "great choice" to be the new owner of the Timberwolves. He said that Lore is a "successful businessman and a passionate basketball fan, and he is committed to building a winning team in Minnesota."