The New York Liberty, a WNBA franchise, has been the subject of a significant financial transaction. According to reports, the team’s owners sold shares at a record valuation of $450 million, setting a new milestone in the field of women’s professional sports.
The funds obtained through this sale, which represents a percentage stake in the “mid-adolescence” range, will be allocated to the construction of a training facility in Brooklyn. This project is a clear sign of the organization’s commitment to the development and success of its players.
This sale adds to a series of recent investments in women’s sports, evidencing the growing interest in and valuation of women’s franchises.
Earlier this month, Alexis Ohanian acquired a $26.5 million stake in Chelsea Women of the Women’s Super League in England. This investment valued the women’s soccer club between $265 and $330 million.
Last July, the majority control of Angel City FC of the National Women’s Soccer League was sold with 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 NBA’s Brooklyn Nets.
In March, the team announced plans to build a 75,000-square-foot training facility for the Liberty, who won their first WNBA title last season. The facility will include two full practice courts, a training and strength room, a recovery suite, and space for the players’ personal needs. In addition, it will feature a hair and makeup studio, as well as a suite for the players instead of locker rooms.
