See what is happening on foxbusiness.com.
Steve Pagliauka, a minority owner Boston Celtics of NBAAllegedly reached a historic agreement to buy the Connecticut Sun of the WNBA.
Pagliuca agreed to buy the sun for $ 325 million, Boston Globe Informed
The deal is pending, but if the board of governors provide final approval, the price tag will be the most expensive sales in WNBA history.
A league statement said, “Rehabilitation decisions are made by the WNBA Board of Governors and not by individual teams.”
Click here for more sports coverage on foxbusiness.com
The WNBA logo on a basketball in a game between Seattle Storm and Connectic Sun in Seattle on 20 June 2023 in Seattle. (Steif Chamber / Getty Image / Getty Images)
Pagliauka plans to move the franchise to Boston by 2027 season. The deal also includes promises for the team to invest $ 100 million in a new training site in Boston. Suraj has some familiarity with Boston, played a regular season game Caltix ‘ The house isna in each of the last two years.
Commanders Bobby Wagner became the first active NFL player to buy ownership stake in WNBA franchise
Record sales report took place shortly after Wnba Major expansion plans announced. The league has been designed to expand from 13 teams to 18 franchisees by 2030. Golden State Volcaries are in their inaugural session, while Portland and Toronto will start teams in their respective cities in 2026.
Connectic Sun logo during a game between Sun and Indiana fever at the Genbridge Fieldhouse on June 17, 2025 in Indianapolis. (Dylan Buel / Getty Image / Getty Image)
Cleveland was awarded by a franchise that would take to court in 2028, while the expansion club of Detroit would start competition in 2029. Philadelphia’s team will start playing next year. Each of those cities agreed to the then record $ 250 million expansion fee to secure the new teams.
Surya plays in Mohegan Sun Arena. The current ownership group of Sun, the Mohegan tribe also controls the casino where the team has held domestic sports for more than two decades. The tribe bought a team for $ 10 million that year and transferred the franchise to the Connecticut to Orlando, Florida.
A WNBA logo on court before a game between Connecticut Sun and Las Vegas Aces, Micelob Ultra Arina on 25 June 2025 in Las Vegas. (Ethan Miller / Getty Image / Getty Images)
Get Fox Business when you click here
Despite the 5–21 records of this year, the Sun has historically been one of the more successful franchises of this league and is out of court. The team is credited with 16 postson appearances and became the first WNBA franchise to become profitable.
The $ 325 million sales agreement is a sharp increase from the final pairs of WNBA sales. In 2021, an investment group led by Larry Gotsdener received unanimous approval Control the altanta dream. The deal allegedly closed for less than $ 10 million. Mark Davis, owner of Las Vegas Reders, paid an estimated $ 2 million for the same year.
