Connecticut Sun president Jennifer Rizzotti said Tuesday that the team’s ownership group is “exploring all options to strategically invest in the team,” including a potential sale.
The news was first reported on Monday by Sportico, which said the franchise hired investment bank Allen & Co. to conduct the probe and that the “expectation is a control sale and likely franchise relocation.”
The Sun have played in Uncasville, Connecticut since 2003, when the Mohegan tribe bought the franchise for $10 million and relocated the team from Orlando.
Mohegan was the first non-NBA owner of a WNBA team, and the franchise became the first in the league to turn a profit.
The WNBA has not had a team relocate since 2017, when the San Antonio Stars relocated to Las Vegas under new ownership and became the Aces.
In a statement provided to EPSN, Mohegan leadership said: “As an organization, Mohegan is consistently evaluating strategic options, investments and capital expenditures. The…
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