• Loading stock data...
Monday, June 24, 2024

Seattle Storm WNBA’s Most Valuable Team After Investment

  • Fifteen investors increasing the value of the franchise to $151 million.
  • Storm plan to build a 50,000-square-foot practice facility with offices worth $64 million.
Seattle Storm Briann January driving to the hoop.
Stephen Brashear-USA TODAY Sports

Business interest in WNBA teams is on the rise.

The Seattle Storm now have the highest valuation of any team in the WNBA after selling minority stakes to 15 investors, valuing the club at $151 million, according to The Wall Street Journal — 15 times more than other teams.

  • Force 10 Hoops LLC, a company run by three women in the Seattle area, is still the controlling owner of the team. 
  • The team will see major benefits from the sale — the Storm plan to build a 50,000-square-foot practice facility with offices worth $64 million

Less than 200 miles away, the city of Portland is making a bid for a WNBA expansion team. 

Both the Portland Thorns and the Trail Blazers are involved, as well as coaches from Oregon and Oregon State and Sen. Ron Wyden.

When it comes to expansion, WNBA commissioner Cathy Engelbert said the league is shooting for 2025. Toronto, Nashville, and the Bay Area — both Oakland and San Francisco — are contenders, while Columbia, South Carolina, and Philadelphia have also been mentioned.

Aces Investigation

Meanwhile, the league office is investigating the Las Vegas Aces for “circumventing the salary cap,” according to The Next Hoops. 

The team allegedly tried to offer a player a sponsorship deal in addition to a salary, which is a violation of the collective bargaining agreement.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ESPN Bet’s Operator Is Reportedly Being Eyed in a Potential Takeover

Boyd Gaming has reportedly approached ESPN Bet partner Penn Entertainment about an acquisition.

Coyotes’ Latest Setback Casts Doubt on the NHL’s Future in Arizona

The team says it ‘seriously jeopardizes’ chances of the NHL returning.

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.
podcast thumbnail mobile
Front Office Sports Today

Clock is Ticking to Restart Coyotes’ Franchise

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.
June 20, 2024

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
June 20, 2024

Women’s PGA Championship Tees Off With a Big Investment, Record Purse

The Women’s PGA Championship teed off Thursday.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 19, 2024

U.S. Hosts Copa América: A Milestone in Soccer’s Oldest Tournament

The U.S. hosting of the tournament follows a larger partnership between two major soccer federations.
June 18, 2024

Caitlin Clark Continues to be Enormous Box Office for the WNBA

Sunday’s Fever-Sky game was the most-watched WNBA broadcast in 23 years.
June 18, 2024

Euro 2024 Kicks Off With Record Demand and Streaming Issues

Ten German cities are hosting matches this month.
June 18, 2024

MLB Attendance Continues to Trend Up in the Pitch Clock Era

The pitch clock has helped spike attendance numbers the past two seasons.