Tuesday October 3, 2023

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
Front Office Sports Today

NBC Could Get In On College Football Playoffs

NBC is exploring broadcasting a slice of the expanded CFP in 2026.
Listen Now
October 3, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

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
Copy Link
Link Copied
Link Copied

What to Read

Team 23XI owner Michael Jordan looks on from pit road during qualifying before the Ally 400 at Nashville.

Michael Jordan’s Estimated Net Worth Hits $3B

The NBA legend sold the Charlotte Hornets for $3 billion in June.

Bay Area WNBA Expansion Latest Step In League Growth

A new team is reportedly coming to the Bay Area.

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors majority owner Joe Lacob walks alone the baseline during the third quarter against the Los Angeles Clippers at Chase Center.

Warriors Owner Reportedly Adding A Bay Area WNBA Franchise

An official announcement could come as soon as early October.
podcast thumbnail mobile
Front Office Sports Today

NBC Could Get In On College Football Playoffs

0:00
0:00

Featured Today

NBC is interested in media rights to the expanded College Football Playoff.
exclusive

NBC Is Interested in Expanded College Football Playoff Media Rights

NBC is one of the networks pitching the CFP, a source confirmed.
October 2, 2023

MLB Attendance Surges 70 Million, Tops League Projections

League posts best year-over-year increase at the gate since 1993
Levi's Stadium
October 2, 2023

49ers Study Shows Benefits of Public-Private Stadium Deals

Levi’s Stadium has generated more than $2 billion per new study.
Formula 1 drivers in a pack at the start of the Montreal Grand Prix
October 1, 2023

Apple Reportedly Making Push For Global Formula 1 Rights

The tech giant could offer $2 billion a year for the rights.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Baltimore Looks To Return To The Oriole Way

Lease deal offers new hope, but market and economic challenges remain.
September 28, 2023

Orioles End Uncertainty With New 30-Year Lease Deal

New agreement follows more than three years of back-and-forth negotiations
September 28, 2023

AC Milan Abandons $1.3B Project For New 70,000-Seat Stadium

RedBird Capital-owned club continues path toward its own facility
September 28, 2023

Manfred Wants Vote On A's Move To Vegas In November

A's move will be just MLB's second franchise shift since 1971
Olympique-Lyonnais
September 27, 2023

French Soccer Club Lyon Seeking $300M Capital Raise

The club was sold for a record price last French year.
Golden State Warriors GM Mike Dunleavy Jr. recognizes the impact the NBA’s new second tax apron rule could have on his organization.
September 27, 2023

Warriors GM Feels ‘Targeted’ With NBA’s New Tax, Rest Rules

"They're making rules to prevent you from succeeding,” Mike Dunleavy said.
September 26, 2023

Fire Owner Mansueto Bets On Messi To Elevate His Own Team

MLS team owner plans series of promotions, game enhancements
A Chicago Bears helmet.
September 26, 2023

Arlington Heights Looks To Break Stadium Logjam With Bears

Village board cites striking Bears deal as its top priority