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Connecticut Sun hired investment bank Allen & Company to explore the sale of the franchise
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[QUOTE="azfan, post: 5278774, member: 7748"] [URL='https://en.as.com/nba/does-the-nba-subsidize-the-wnba-n/']Does the NBA subsidize the WNBA?[/URL] [HEADING=2]What is the NBA financial backing and subsidies for the WNBA?[/HEADING] The NBA provides the WNBA with an annual endowment of over [B]$15 million[/B]. This financial support helps cover various operating costs for WNBA teams, including facilities, travel, marketing, and administration. As of 2023, the NBA owns [B]50%[/B] of the WNBA, while the 12 WNBA teams collectively own the other [B]50%[/B]. This shared ownership underscores the NBA’s commitment to women’s basketball.. This is critical to understand not only the Suns "situation" but the WNBA "situation" T[B][COLOR=rgb(184, 49, 47)]he WNBA was created by David Stern and the NBA in 1996. [/COLOR][/B]At the time, the American Basketball League existed and employed some of the major stars in women’s basketball. [URL='https://www.espn.com/wnba/story/_/id/43433133/abl-women-pro-basketball-unrivaled-wnba-new-league']But by 1998[/URL], the WNBA had driven the ABL out of business and a monopoly in North American professional basketball was established. [URL='https://frontofficesports.com/should-more-wnba-teams-be-associated-with-nba-counterparts-one-owner-doesnt-think-so/']Until 2002, the NBA owned all the teams in this monopoly[/URL] (i.e., every team in the NBA and WNBA). After 2002, the NBA brought in some independent owners for the WNBA. If the WNBA functioned like the NBA, the owners of the teams would also own the league. But the WNBA is quite different.[B][COLOR=rgb(184, 49, 47)] [URL='https://www.sportico.com/leagues/basketball/2025/wnba-expansion-dilution-league-owners-1234842220/']Today[/URL], the owners of the WNBA teams technically only own 42% of the league. The NBA itself owns another 42% while investors in a $75 million capital infusion in 2022 own the last 16%. [/COLOR][/B]Because six of the fourteen WNBA franchises are also owned by people who own NBA teams (and NBA owners also participated in the 2022 capital raise), the owners of the NBA still own more than 60% of the WNBA. T[B][COLOR=rgb(184, 49, 47)]he reality of the NBA’s ownership of the WNBA was made clear by Suzanne Abair, CEO of the Atlanta Dream, in [URL='https://www.amazon.com/Slaying-Trolls-Wrong-About-Sports/dp/B0D33VK9SN/']Slaying the Trolls[/URL]: “If the (all the) WNBA owners say they want to do something and the NBA says no, the answer is no.” This means that the potential labor dispute in the WNBA is effectively between the WNBA players and the NBA owners. [/COLOR][/B] [URL unfurl="true"]https://www.thesling.org/the-wnba-labor-dispute-is-just-another-choice-made-by-the-nba/[/URL] [/QUOTE]
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Connecticut Sun hired investment bank Allen & Company to explore the sale of the franchise
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