Magic Johnson's love of basketball motivated him to save the Los Angeles Sparks from folding and also put him on the leading edge of what is now a growing WNBA trend.
Magic Johnson’s love of basketball motivated him to save the Los Angeles Sparks from folding and also put him on the leading edge of what is now a growing WNBA trend.
Former WNBA players Sue Bird and Renee Montgomery have joined the ownership groups of the Seattle Storm and Atlanta Dream, respectively.Sportico valued four teams at over $100 million. Ownership groups of the expansion teams in Golden State and Toronto that will begin play in 2025 and 2026 anted up over $100 million that included record-breaking expansion fees, investment in the player experience, best-in-class facilities, and start-up business operations costs.
“I think it’s a great sign and signal that it’s a smart business investment,” WNBA Commissioner Cathy Engelbert said. “You can’t turn on a broadcast of a sporting event without some ad spot. It wasn’t happening at all when I came into this league. Really thrilled about that. Everyone is talking about the WNBA, the good and the bad.”
“The WNBA continues to expand and make a global impact, showing its commitment to empowering future generations of athletes. I am very proud to be a member of the Aces family and help grow the sport.” Montgomery saw the potential value of the WNBA as a player in the league before she made the move to the ownership side with the Dream.
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