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This is confusing because why would Pagliuca apply for an expansion team when he has a deal to purchase an existing team? And the Mohegan Tribe, owners of the Sun, want to sell to Pagliuca and prefer the team move to Boston, where the facilities and support would be exponentially better.
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Governor of Massachusetts Maura Healey has fully supported and endorsed Boston getting a WNBA team for years and told the Globe the quickest way to make that happen would be relocation. Boston does not want to wait until another round of expansion in 2033, if that were to happen.
The league is expanding to 18 teams by 2030 and there is no guarantee that adding so many teams will be successful or financially viable to add perhaps two more by 2033. There’s a reason Boston did not apply for an expansion team. Pagliuca was working on a deal to buy the Sun and the other publicized Boston group, led by actor/director Donnie Wahlberg, lost one of its primary investors and was seeking more support for a potential bid.
Commissioner Cathy Engelbert has yet to comment on the situation, besides the league statement, but there obviously have been conversations between the league and other prospective buyers, such as Rockets owner Tilman Fertitta, who could move the club to Houston and bring back the Comets, the league’s first dynasty.
There are many questions from that WNBA statement, including what does the league have against Boston? And if the Sun were to be purchased by, let’s say former Bucks owner Marc Lasry and moved to Hartford, would the league want another team so close in Boston?
Front Office Sports reported that Engelbert basically sat on the Pagliuca offer without presenting it to…
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Fans in the Nutmeg State may find themselves without their lone professional sports team, if recent reports that the Connecticut Sun may be moved to Boston will come to fruition. However, the WNBA and team president Jennifer Rizzotti say it’s not a done deal yet.
“Contrary to some of the articles that were out yesterday, the team has not been sold,” Rizzotti said at a press conference on Sunday. “I can say that I have met personally with different investment groups over the last few months, and it’s been a thorough process. We’re not quite at the finish line yet.”
In May, the Mohegan Tribe hired investment bank Allen and Company to “explore all options to strategically invest in the team,” without ruling out a potential sale, according to WFSB Channel 3.
The commotion comes after the Boston Globe broke the news on Saturday that Boston-based investor Stephen Pagliuca had bid $325 million to purchase the team, a record-breaking price for a women’s sports franchise. Pagliuca is a former co-owner of the Boston Celtics, the city’s NBA team.
A statement by Pagliuca specifies his group’s objective is “[to] keep New England’s WNBA team in New England…enabling the Sun to play in larger capacity arenas” and to invest in the team’s growth, but notes that “no transaction has been agreed [to] yet.”
Another investment promise made by his Pags Group is an additional $100 million to build the team a dedicated practice facility in Boston. The Sun currently practice inside Mohegan Sun Arena or at the Mohegan Tribal Community Center, which is sometimes used as a shared space.
Boston,
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