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,
(picture courtesy of CES Boxing)