Former Timberwolves Executive: Arena Need Outweighs Ownership Change
Former Timberwolves CEO and President Bob Stein believes the recent ownership shift from Marc Lore to investor Marc Stad is less critical than the franchise's ongoing need for a new arena. Stein highlighted that Target Center is one of the…
Minneapolis St. Paul, MN, August 21, 2026 —
The critical need for a new or significantly upgraded arena remains the most pressing issue for the Minnesota Timberwolves and Lynx, according to former team CEO and President Bob Stein. Stein, who previously led the franchises, stated that the recent ownership transition, involving investor Marc Stad joining Marc Lore, is secondary to the long-term facility requirements.
Stein pointed out that the Target Center, the current home for both the NBA’s Timberwolves and the WNBA’s Lynx, is among the oldest venues in the National Basketball Association. He emphasized that a modern arena is essential for the teams to optimize their revenue streams and enhance fan experience.
Despite acknowledging the challenges associated with securing a new facility, Stein conveyed a positive outlook regarding the current state of the Timberwolves and Lynx organizations. He expressed confidence in the management, coaching staff, and the players themselves.
Looking ahead, Stein anticipates that both the Timberwolves and Lynx will continue to operate in Minnesota. He projected that the teams are likely to secure a new arena within the next few years, suggesting a resolution to the facility issue is on the horizon.
Story summarized from the original created by James Monical on kstp.com, see more information here.
