• Loading stock data...
Wednesday, May 14, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

Dwyane Wade Reportedly Interested in Chicago Sky Ownership Stake

  • Wade’s ownership portfolio already includes stakes in the NBA’s Utah Jazz and Real Salt Lake in MLS.
  • The NBA legend’s cousin James Wade is the head coach and GM for the Sky.
The Sky were recently valued at $85 million.
Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

Basketball Hall of Famer Dwyane Wade has reportedly shown interest in investing in his hometown WNBA team, the Chicago Sky.

Wade spent Tuesday afternoon at the Sky’s practice facility and had conversations with Sky principal owner Michael Alter and VP of basketball ops Ann Crosby, according to the Chicago Sun-Times. The NBA legend’s cousin, James Wade, the coach and GM for the Sky commented on the impact of a potential investment from D-Wade.  

“It would mean a lot, of course,” James Wade said, “especially when you’re talking about the type of person that he is and how he does stuff for people. He’s recognized and has a reputation of supporting not only this league but supporting everyone. So it would be special if something like that were to happen.”

Wade, a 13-time NBA All-Star, reportedly told Sky players that he was interested in continuing to help the WNBA grow. The three-time champion has bought ownership stakes in the NBA’s Utah Jazz and MLS club Real Salt Lake since he retired from the NBA in 2019. 

The Sky, who are on the hunt for a new practice facility, were valued last week at $85 million after a 10% stake in the team was sold to a group of investors that include Chicago Cubs co-owner Laura Ricketts. The Sky are one of seven independently owned WNBA teams, with the five others sharing ownership with their NBA counterparts. 

“We need people like [Dwyane Wade],” Sky guard Dana Evans told the Chicago Sun-Times. “We need more NBA players to help expand the WNBA, and he talked a lot about that. Once you see D-Wade on with the Sky, it just brings more. It’ll bring more people out, more fans. We just want to have our name out there.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Tina Charles

Potential Connecticut Sun Sale Has Players in Wait-and-See Mode

All options are on the table, team president Jen Rizzotti said Tuesday.

Dallas Sports Is Booming—and It’s Not All About the Cowboys

The Mavericks’ draft lottery win extends a frenetic run across the Metroplex.
Apr 14, 2025; New York, New York, USA; Aneesah Morrow poses with WNBA commissioner Cathy Engelbert after being selected with the number seven overall pick to the Connecticut Sun in the 2025 WNBA Draft at The Shed at Hudson Yards.

Connecticut Sun Ownership Seeks Sale

Philadelphia and Boston offer two intriguing relocation options for the Sun.

Chicago Sky Star Says Team Does Not Deserve ‘Cheap’ Reputation

The Sky GM said the team is in “win-now” mode.

Featured Today

Apr 18, 2024; Los Angeles, CA, USA; Stanford Cardinal vs Grand Canyon University Antelopes during the MPSF Men's Volleyball Championship at Galen Center.
exclusive
May 10, 2025

‘What Just Happened’: Inside the Abrupt End of Grand Canyon Men’s Volleyball

Inside Grand Canyon’s shocking decision to cut men’s volleyball.
Mar 26, 2025; New York, New York, USA; Actor and filmmaker Spike Lee (l) greets former professional boxer Floyd Mayweather Jr. during the game between the LA Clippers and the New York Knicks at Madison Square Garden.
May 9, 2025

‘Friends of the Garden’: Inside the NBA’s Most Exclusive Celebrity Suite

“Among the titans of industry, deals are done at Suite 200.”
exclusive
May 9, 2025

Shams Charania on Draft, Breaking Dončić Trade, ‘Whirlwind’ ESPN Tenure

Charania will work on his first NBA draft lottery for ESPN on Monday.

Spurs Lottery Luck Could Make Them Front-Runner in Giannis Pursuit

A trade would pair Victor Wembanyama with Giannis Antetokounmpo.
Mark Cuban
May 13, 2025

Mark Cuban: Mavs Winning NBA Draft Lottery Was ‘A Relief’ 

The Dallas minority owner has been outspoken about the Luka Dončić trade.
Hock
May 13, 2025

NHL Indefinitely Suspends Panthers Minority Owner Over Twitter Fight

Doug Cifu called a Canadian fan a “51st state anti semite loser.”
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In the latest Portfolio Players—our series spotlighting athlete and executive investors—Carolyn Tisch Blodgett, owner of Gotham FC & advisor to the New York Giants, breaks down how sports, brand, and capital are reshaping fandom and the business of women’s sports.
May 11, 2025

McLaren’s F1 Powerhouse Can Only Compete With Itself

Max Verstappen acknowledged that McLaren is the team to beat.
White Sox
May 8, 2025

Pope Confirmed White Sox Fan After False Cubs Claims

Pope Leo XIV’s brother confirmed the pontiff is a White Sox fan.
Feb 13, 2018; Las Vegas, NV, USA; Chicago Blackhawks coach Joel Quenneville reacts in the second period of an NHL hockey game against the Vegas Golden Knights at T-Mobile Arena.
May 8, 2025

Joel Quenneville Back in NHL After Ban for Blackhawks Scandal

The former Chicago coach was banned from the NHL until last year.
PSG
May 8, 2025

PSG in Champions League Final After Shedding Nine-Figure Superstar Salaries

PSG previously tried to win with a trio of Neymar, Messi, and Mbappé.