• Economy
  • Investing
  • Politics
  • Sports
  • Editor’s Pick
Market Gains Updates
Sports

WNBA franchise exploring options to facilitate $325M sale, per report

by August 19, 2025
by August 19, 2025

The owners of the Connecticut Sun, who had tentatively reached an agreement to sell the WNBA franchise, are now assessing their options to salvage the deal, according to an ESPN report, after the WNBA balked at a planned move of the franchise to Boston.

The Mohegan tribe, which bought the former Orlando Miracle and moved it to Connecticut in 2003, struck a deal earlier this month in which Boston Celtics minority owner Steve Pagliuca agreed to buy the club for a WNBA-record $325 million.

Pagliuca hoped to move the Sun’s home games from Mohegan Sun Arena in Uncasville, Connecticut, to Boston’s TD Garden, where the Celtics also play.

However, the league quickly stepped in and issued a statement emphasizing that ‘relocation decisions are made by the WNBA Board of Governors and not by individual teams,’ and pointing out that other cities bid for WNBA expansion franchises at the beginning that would take priority over putting a team in Boston.

Sources tell ESPN the tribe intends to present multiple options to the league to facilitate the sale.

Those options reportedly include a full sale to Pagliuca’s group, a sale to a group fronted by former Milwaukee Bucks owner Marc Lasry, selling only a minority stake in the franchise or allowing the WNBA to purchase the club for that same $325 million price tag.

Sources also tell ESPN that the WNBA has offered to buy the Sun for $250 million so it could then steer the franchise toward an ownership group in one of its preferred expansion cities.

In the last three rounds of bidding for WNBA expansion franchises — which resulted in new teams in Cleveland (in 2028), Detroit (2029) and Philadelphia (2030) joining the league — Boston never submitted a proposal.

This post appeared first on USA TODAY
0 comment
0
FacebookTwitterPinterestEmail

previous post
Why the Vikings will benefit from Daniel Jones starting for Colts
next post
Colts make long-awaited starting QB decision

You may also like

Which NFL teams are already eliminated from playoff...

December 16, 2025

Braves bring back shortstop on one-year, $20 million...

December 16, 2025

Key USMNT player suffers knee injury, could jeopardize...

December 16, 2025

Will Victor Wembanyama play in NBA Cup final?...

December 16, 2025

Mike White, former NFL and college coach, dead...

December 16, 2025

What’s next for Nebraska volleyball? Reloading for the...

December 16, 2025

Biff Poggi speaks on Michigan’s response to Sherrone...

December 16, 2025

Michigan holds off Arizona for No. 1 spot...

December 16, 2025

Dylan Raiola intends to transfer from Nebraska after...

December 16, 2025

Will Jayden Daniels play again in 2025? Commanders...

December 16, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Top News

    Shopify says a daylong Cyber Monday outage has...

    December 3, 2025

    Prada Group says it has purchased fashion rival...

    December 3, 2025

    Dell family donation to offer 25 million kids...

    December 3, 2025

    Starbucks to pay about $35M to NYC workers...

    December 3, 2025

    Apple’s AI chief abruptly steps down

    December 3, 2025

    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 MarketGainsUpdates.com All Rights Reserved.

    Market Gains Updates
    • Economy
    • Investing
    • Politics
    • Sports
    • Editor’s Pick