The Chicago Sky are valued at $85 million as they bring in eight new investors. (Sarah Stier/Getty Images)
The Chicago Sky are valued at $85 million, which places them second in the WNBA behind the Seattle Storm, Sportico reported Tuesday.
Earlier this year, the Storm were valued at $130 million, a record for a U.S. women’s sports team.
The Sky sold 10% of the team at the $85 million valuation to a group of eight investors, most of them women, among them Chicago Cubs co-owner Laura Ricketts. The group also includes Foot Locker CEO Mary Dillon and Smartly.io CEO Laura Desmond.
The $8.5 million investment will go toward player experience, marketing and staffing, with the construction of a new practice facility near the top of the to-do list, Sportico reported.
“It was important for us to go public with this because it’s a signal that capital is bullish about this [being] where people want to make significant investments for returns over time,” Sky operating chairman Nadia Rawlinson told Sportico. “That is a huge vote of…
