Connecticut Sun Explores Franchise Sale Amid WNBA Expansion Boom
The Connecticut Sun, owned by Mohegan Sun since 2003, is reportedly exploring the sale of the franchise, hiring investment bank Allen & Company to facilitate the process. Sources indicate that the Sun may pursue a control sale, potentially leading to the franchise’s relocation, rather than just selling a limited partnership stake.
The timing is significant, as WNBA franchise values have surged, with recent expansion teams fetching $50 million each, and estimates for future franchises exceeding $200 million. The Sun’s valuation stands at $80 million as of last year, but the team operates in the WNBA’s smallest media market and faces criticism regarding its practice facilities.
With competitive pressures rising, the franchise could utilize funds from any sale to invest in dedicated training facilities—a move seen as essential in the evolving landscape of women’s basketball. The team reached the semifinals in the previous season, yet the departure of its entire starting lineup through trades and free agency poses challenges ahead of the upcoming season.
As the WNBA continues its momentum in revenue and viewership growth, the Sun’s decision to explore a sale reflects broader trends in sports franchise operations. The regular season begins Friday, promising exciting developments for fans and stakeholders alike.
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