WNBA’s Connecticut Sun exploring new investment, possible sale

Connecticut SUN President Jennifer Rizzotti Said Tuesday that the Team’s Ownership Group is “Exploring all options to strategically invest in the team,” including a potential sale.

The News was first report on Monday by Sportico, which Said the Franchise Hired Investment Bank Allen & Co. To conduct the probe and that the “Expectation is a control sale and likely franchise relocation.”

The sun has played in Uncasville, Connecticut, Since 2003, when the mohegan tribe bought the franchise for $ 10 million and relocated the team from Orlando, Florida.

Mohegan was the first non-nba owner of a wnba team, and the franchise because the first in the league to turn a profit.

The WNBA has not not had a team relocate Since 2017, when the San Antonio Stars relocated to las vegas under New OWNERSHIP AND ACCAME THE ACES.

In a Statement provided to Espn, Mohegan LeadersHip Said: “As an Organization, Mohegan is consistently evaluating strategic options, investments and Capital Expenditures. The past 18 months and moheg of the success, increded interest and what remains to be happened to the course as well as wnba overall. In view, and interest is what is an amazing sport, with extremely dedicated and talented.

“Mohegan remains committed to the Team’s Continued Success which included includes looking at all strategic options in the best interest of the ct sun, mtga and wnba.”

Rizzotti called Mohegan’s Decision the movie of “Responsible Business Oowners” and that “More about being consistent about how they ‘evaluating all of their business, the caulif Them. “

The sun president addressed there has been a decision made, or a set time for one, “other than they want to make sure they doing what is the best as the WNBA.”

Rizzotti Confirmed “All Options,” Including Potentially Selling Minority Stakes in the Team Like the Seattle Storm Did recently to raise capital that help their new Practice Facility, Remain on the Table. Other Possibilities Include a Franchise Sale Where The Team Remains in the Same City or State, Similar to What Happened With The The Atlanta Dream In 2021.

When asked if mohegan can still support a wnba contender, rizzotti saides Yes.

“I ‘be here for four years. “They do every pride themselves on guest experience and attendance to detail and True Investment in the Right Ways.

“If the tribe decides they want to own this team, they are as competative, I think, as any of the League.”

Mohegan’s moves comes as the wnba is experiencing rapid growth and as Oownership Groups have been incurringly exposed to doubles down on investment, including in the player Experience. That has coolly manifested in Franchises Building dedicated Practice facilities, creating a leaguewide battle between tims.

Connecticut is one of the tims that still hasn is announce for a training facility, with players curedly practicing at Mohegan Sun Arena-Their 8,910-Capacity Home Court-or The Moheggan Tribal Community and Government Center, which is also open to tribal memories.

The sun has a one of the wnba’s most successful tims on the court, making the playoffs in 16 of their 22 Seasons in Connecticut and Boasting Six Consactive Semifinal Appearance. But 2025 is set to be a new era for the franchise after losing its starting lineup this offseason due to free agency or trades.

Rizzotti saad the franchise “has been a desirable location to play” and that “there’s a reason we’ve bee good for Two Decades,” feel that the rooster turnover this offseason was a blip Than a recurring problem.

“We’re going to pour in this franchise as long as it is here,” rizzotti saaid. “And if ends up not to be the case, then we’ll worry about that when the time comes.”

While the franchise’s long-term status remains unclear, the team will focus on the preparing for the seventh ahead, which kicks off sunday the home Washington mystics.

Rizzotti and coach rachid meziane echoed a shared effect to control what the team can control.

“They have their job, and our job is to put the best product on the floor,” Tina Charleswho was drafted no. 1 By the Sun in 2010 Before Returning to Play for the Organization this offseason. “We will be that they go by their jobs and make the right decision that will benefit the organization and the players and the staff moving forward.”