NBA owner makes record $325m bid to buy WNBA team and relocate to Boston… but sale could have compeтιтion

NBA owner makes record $325m bid to buy WNBA team and relocate to Boston... but sale could have compeтιтion

The group led by former NBA owner Steve Pagliuca has officially made a record $325million offer to by the Connecticut Sun. However, his bid might not be the only one coming. 

While the Pagliuca group made the bid with the intention of moving the Sun to Boston, starting to play games in Beantown as early as 2027, another bidder may be working to purchase the franchise as well, per Front Office Sports. 

Former Milwaukee Bucks owner Marc Lasry is believed to be in ‘active compeтιтion’ with the Pagliuca group to be the next owner of the Sun. Lasry differs from Pagliuca, hoping to keep the team in Connecticut. 

The Pagliuca bid to purchase the team was accepted by the Mohegan Tribe and was presented to WNBA Commissioner Cathy Engelbert last month. 

However, the move is still pending league approval, as it was never brought before the WNBA’s Board of Governors.   

Multiple outlets reported Saturday that the offer was for $325 million, which would be the most ever paid for a professional women’s sports franchise. Pagliuca’s group also plans to contribute another $100 million to build a practice facility, per the reports.

Pagliuca posted an update of the'”possible acquisition’ by his PagsGroup on X on Sunday night.

The group led by Steve Pagliuca has officially made a record $325million offer for the Sun (pictured is Tina Charles)

The group led by Steve Pagliuca has officially made a record $325million offer for the Sun (pictured is Tina Charles)

The Pagliuca bid was accepted and presented to WNBA Commissioner Cathy Engelbert in July

The Pagliuca bid was accepted and presented to WNBA Commissioner Cathy Engelbert in July

‘An investor group led by PagsGroup, and supported by Mᴀssachusetts Governor Maura Healy and Rhode Island Governor Daniel McKee, has offered to acquire the Connecticut Sun with the objective of keeping New England’s WNBA team in New England,’ the statement read. ‘No transaction has been agreed yet.’

The statement, although it did not specifically name Boston as a new home for the franchise, said the group’s goal is ‘to play in larger capacity arenas in New England.’

‘We believe our record-setting offer and deep commitment to growing the WNBA in the region that is home to the most pᴀssionate basketball fans in the nation will significantly benefit the league, the team, and all its fans,’ read the PagsGroup’s update.

The Sun have called Connecticut home since 2003. They play home games at Mohegan Sun Arena, a 10,000-seat facility in Uncasville, Conn.

Three WNBA franchises do not have an NBA team that they share a city with, with Seattle and Las Vegas occupying larger markets that have hosted the NBA’s Play-In Tournament Finals or an NBA franchise in the past. 

The Sun hold the league’s worst record at 5-22 this season after making the playoffs in each of the eight previous campaigns. 

Related Posts

Chicago Bulls’ uncontested fast break goes hilariously wrong as Torrey Craig throws himself an alley-oop off the backboard only to be thwarted by TEAMMATE Andre Drummond: ‘They both missed!’

Chicago Bulls’ uncontested fast break goes hilariously wrong as Torrey Craig throws himself an alley-oop off the backboard only to be thwarted by TEAMMATE Andre Drummond: ‘They both missed!’

Most watched Sport videos Chicago Bulls forward Torrey Craig thought he had an uncontested fast break in Tuesday’s loss to the New York Knicks. Teammate Andre Drummond…

Draymond Green asks Warriors teammate Klay Thompson for his ‘brutally honest’ take on his frequent ejections for Golden State: ‘We just need you’

Draymond Green asks Warriors teammate Klay Thompson for his ‘brutally honest’ take on his frequent ejections for Golden State: ‘We just need you’

Most watched Sport videos Draymond Green was given a heartfelt reply by his Golden State Warriors teammate Klay Thompson when he asked the guard for his ‘brutally…

Tennessee judge rules NBA star Ja Morant DID act in self-defense when Grizzlies guard punched a teenager during a pickup basketball game at his Memphis mansion

Tennessee judge rules NBA star Ja Morant DID act in self-defense when Grizzlies guard punched a teenager during a pickup basketball game at his Memphis mansion

Most watched Sport videos A Tennessee judge has ruled that Ja Morant acted in self defense when the Grizzlies star punched a teenager at his Memphis mansion…

Devin Booker laughs off claims on social media that he’s the ‘NBA player’ being filmed getting a wig fitted: ‘Yall got me messed up lol’

Devin Booker laughs off claims on social media that he’s the ‘NBA player’ being filmed getting a wig fitted: ‘Yall got me messed up lol’

Most watched Sport videos Devin Booker laughed off fans’ accusations about the Phoenix Suns star having fake hair. The jokes came after a video of an alleged…

Pregnant wife of ex-NBA star who was attacked by a SHARK breaks her silence as she shares horrifying details of ‘the worst day of my life’

Pregnant wife of ex-NBA star who was attacked by a SHARK breaks her silence as she shares horrifying details of ‘the worst day of my life’

The pregnant wife of a basketball star who was bitten by a shark has taken to social media to recount the details of the terrifying attack. After…

NBA legend Damian Lillard takes shock new job after suffering Achilles tear

NBA legend Damian Lillard takes shock new job after suffering Achilles tear

NBA star Damian Lillard has taken over as general manager at his former college while he recovers from a torn Achilles tendon. Lillard is a nine-time All-star…