Sources: Stad buys lead stake in T-Wolves, Lynx

American businessman Marc Stad has purchased a controlling interest in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx, according to sources reported by ESPN. The deal makes Stad the lead stakeholder in both franchises. The report was filed approximately 3 hours before the time of publication, with details provided by ESPN's Shams Charania.