Connecticut Sun may soon be under new property since 2003.
As reported by Sportico on Monday, Mohegan Sun, a subsidiary of the Mohegan Tribal Game Administration, hired investment bank Allen & Company to explore Wnba Franchise.
If a control is sold as expectations, the sun is probably transported. Since the Mohegan tribe bought the miracle of Orlando before 2003, franchise Uncasville, Conn.
Franchise values have increased rapidly in recent years. Expansion franchise fees reached $ 50 million in 2023 and 2024, and another expansion round would be over $ 200 million per franchise.
The latest WNBA control sales took place in 2021, when a group managed by real estate investor Larry Gottesdiener bought Atlanta Dream between $ 7-10 million.
Similarly, operational costs have increased. However, if the current Sun Ownership Group is on the way to the sale of a limited partnership shares that will keep the group under control and increase capital at the same time, it can help the financing of construction to upgrade the facilities criticized by SUN players in recent years.
In each of the last six years, the Sun has reached WNBA semifinals and went on a championship tour in 2019 and 2022 – both losses. Connecticut never won a WNBA title.
Moreover, the team is rebuilding a: 2025 season as a clue on Friday, trade or free agency through offseason’s entire starting series of Sun during offseason.
-FELD level media
