The New York Liberty have achieved a milestone in the world of women’s sports. According to multiple reports, the WNBA team’s owners sold shares of the franchise at a record valuation of $450 million.
This figure represents the highest valuation achieved by a professional women’s sports franchise.
It is believed that the capital raised from the sale, representing a percentage in the “mid-teens” range, will be allocated to the construction of a training facility in Brooklyn.This sale adds to the growing trend of investment in women’s sports, where franchise prices are on the rise.
Earlier this month, Alexis Ohanian acquired a $26.5 million stake in Chelsea of the English Women’s Super League. This investment values the football club between $265 and $330 million.
Last July, Angel City FC’s control of the National Women’s Soccer League was sold at a valuation of $250 million. The Liberty are owned by Clara Wu Tsai and her husband, Joe Tsai, who are also co-owners of the Brooklyn Nets.In March, the team announced plans to build a 75,000-square-foot training facility. This facility will include two full practice courts, a training and strength room, a recovery suite, and space for the players’ personal needs.
The installation will also feature a hair and makeup studio, as well as a suite for the players instead of locker rooms.
