$4.5bn NBA franchise’s new owner makes decision on building arena amid Eastern Conference relocation fears

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The Timberwolves are staying in Minnesota.Marc Stad has agreed to acquire a controlling interest in the franchise and the WNBA‘s Minnesota Lynx from Marc Lore in a deal worth around $4.5 billion.Target Center doesn’t have the modern amenities of many rivalsGettyThe decision brought on fears that the new chief could decide to change direction on plans to build a new arena.But The Athletic’s Jon Krawczynski reports that Stad is keen to find a home for both teams in Minnesota.“What I’m told on what is always the biggest question in a change of ownership power: Stad is fully on board with Lore and Rodriguez’s position that they will not move the Wolves and Lynx and is all in on building a new arena in Minnesota,” he wrote on X.Stad is already a limited partner in the ownership group which hints at a more stable transition.Lore is reducing his stake to focus on his company Wonder Group, but is expected to remain involved as a minority owner.Former MLB star Alex Rodriguez will also have a role after the deal, which needs to be ratified by the NBA‘s Board of Governors.Anthony Edwards will be the focal point on the court, while new pastures are sought off it.Target Center is showing its ageOpened in 1990, Target Center is the second-oldest arena in the NBA behind Madison Square Garden (1967)It has undergone renovations but is falling behind rivals in terms of facilities for players and premium seating, which allows for year-round revenue.A site hasn’t been put forward, but it seems Stad won’t be casting his net too far.The Timberwolves have made noise about finding a new homeGettyStad is already involved with the franchiseShutterstockEdwards is looking forward to the new season after being partnered up with LaMelo Ball — even deciding to try out some new nicknames.“It would never be Ant-Man and Wasp,” said Edwards. “He’s too good for that. “It would be more like… what’s that dude’s name from The Incredibles? Mr. Incredible, that’s Melo. And I’m Frozone.”As Edwards suggested, Minnesota now boasts two superhuman talents to share the load.As long as one of them is happy playing sidekick, there could be a bright future for the Timberwolves.It is even rosier for the Lynx, with the women cruising into the WNBA playoffs with a league-leading 31-7 record.NBA's GreatestGreatest NBA players in the world right now – from Luka Doncic to Spurs phenom Victor WembanyamaBest players in NBA history to never win a championship – James Harden and Carmelo Anthony to Allen Iverson and Karl Malone10 richest owners in the NBA – family empires, media moguls and investment gurusMichael Jordan’s top 10 scoring games – counting down MJ’s most extraordinary totals