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The chocking reason why Connecticut Sun is being Sold for a Record $325 Million
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A Boston-based investment group, led by Boston Celtics minority owner Steve Pagliuca, has agreed to purchase the Connecticut Sun for a record-breaking $325 million, with an additional $100 million pledged toward building a new practice facility in Boston. The sale, pending approval from the WNBA Board of Governors, is poised to be one of the most significant transactions in women’s professional sports.
Originally founded as the Orlando Miracle in 1999 and relocated to Connecticut in 2003, the Sun became the first WNBA team owned by a Native American tribe, the Mohegan Tribe. Over the years, it became a consistent postseason contender and achieved notable financial success—yet lacked a modern practice facility, relying instead on shared community spaces and the dated Mohegan Sun Arena.
Why Connecticut Sun Sold—and Why Now?
- Booming WNBA Valuations
The league has seen an explosive growth in viewership, merchandise sales, and attendance—national viewership is up 23% and attendance up 26%. New team expansion fees have jumped into the $250 million range, and the Sun’s sale reflects this competing value surge - Lack of Infrastructure Investment
Despite on-court success, the Sun remain one of few teams without a dedicated training facility. This reality strained player recruitment and development, making long-term competitiveness difficult without major capital infusion. - Opportunity for Mohegan Tribe to Cash Out
The tribe purchased the franchise for around $10 million in 2003. With the current offer representing a dramatic return on investment, the timing made financial sense as the WNBA’s growth picks up steam - Boston Market Demand
The Sun sold out two games at TD Garden over the past two seasons—demonstrating Boston’s growing fan appetite for WNBA basketball. Massachusetts Governor Maura Healey has publicly supported a team in Boston, citing its deep basketball heritage and regional influence.
🏀 What Happens Next?
- If approved, the Connecticut Sun could relocate as early as the 2027 season, possibly playing early games in Providence to avoid scheduling conflicts with the NBA’s Celtics and NHL’s Bruins.
- Though Boston was not part of the recent WNBA expansion list, league governors could allow the sale as a relocation rather than a new franchise—setting a precedent for future moves.
✅ Bottom Line
With a market ripe for women’s basketball and a financially motivated owner ready to invest, this sale represents both the peak of WNBA franchise valuations and a turning point in franchise strategy. If the move to Boston goes through, it would mark a major shift in the league’s geographic map—and potentially its future growth.