Exactly. There are women's teams from Israel to Russia to Shaanxi, China. And that list shows that almost all of the WNBA players play overseas- between 8-11 players per team. And let's keep in mind that if their overseas seasons overlap with the WNBA, these American players make sure to play out their contracts overseas before mozzying on back to the W.
Hard to believe that it's just a couple of oligarchs who are propping up an unprofitable pro system. Too many teams are attracting too many top American players- and mid-ranking players- and their checks don't seem to be bouncing.
Never-the-less. I have seen several television programs over the years where this has been discussed. It isn't (really) about the WBB teams, as someone said, it is the football. And sometimes the hockey. Maybe the men's basketball. Its for the pride of your company, or your town, or just to show your power. Or your team versus your rival, who may be from another country even. Sometimes, like in China as someone described, its political. And its good for the native players to be learning from the Americans. Incidentally, I don't think that the non-American players make the salaries of the Americans - who are generally limited to 2 per team, I believe, unless they can convince you to take a dual citizenship as some have.
Its complicated, but yes, in large part - and this is very well documented and continually denying it doesn't make it false - the WBB teams do not make money in Europe, and are not based on a cash profit model. It really is that simple. So unless you both get rid of the salary cap and convince someone that it is worth dumping money into the team to demonstrate superiority of LA or Seattle or where-ever to the rest of the WBB-verse, it will not be happening here.