Owners of WNBA's Connecticut Sun Weighing Potential Sale, Relocation

[RandySF]

he WNBA's popularity and revenues have exploded in recent years—and the Connecticut Sun may unfortunately be a casualty.

The Mohegan Native American tribe that owns the Sun have retained investment bank Allen and Company to facilitate the potential sale of the franchise, according to a Monday afternoon report from Kurt Badenhausen and Eben Novy-Williams of Sportico.

Per Badenhausen and Novy-Williams, "the expectation is a control sale and likely franchise relocation."

A hypothetical move would be an unsavory end for a unique franchise in the league's smallest market. Rescued from oblivion following the 2002 season after four years as the Orlando Miracle, Connecticut's ownership by a Native American tribe had no precedent in any professional sport. The team was also the first in the WNBA with owners outside of the NBA's structure.





https://www.msn.com/en-us/sports/nba/owners-of-wnba-s-connecticut-sun-weighing-potential-sale-relocation/ar-AA1EDLVU?cvid=4659680CF21B4CB9A015A54EED3DA6E9&ocid=ansWrap11

[ProfessorGAC]

1. Getting Out At Perceived Max Value?

Pay $10 million, sell for $80 million. Eightfold increase in value in 23 years.
They may see that as a better play than the annual profits from an 8,400 seat arena in a small market.
Even if profitable, it would take a long time to make that kind of return.