Particle.news

Download on the App Store

Connecticut AG Opens Inquiry Into WNBA Role in Sun Sale as State Advances Pension-Fund Bid

Connecticut is pursuing a pension-fund investment to keep the team local while officials question whether league conduct is restricting a higher-priced in‑state deal.

Overview

  • Attorney General William Tong sent a letter to Commissioner Cathy Engelbert seeking league operating agreements, the Sun’s membership documents, rules and manuals, and all valuations or offers, and he requested a meeting with WNBA leadership.
  • Tong said he is probing reports that the league blocked or limited a sale that would keep the Sun in Connecticut and that it proposed a roughly $250 million league buyout, compared with private bids reported near $325 million.
  • Gov. Ned Lamont endorsed a plan to buy a minority stake using state pension funds, saying Connecticut would be a senior investor with protections that include a 10‑year keep‑in‑state guarantee, a move Republicans criticized as risky for pensions.
  • The Mohegan Tribal Nation, which bought the franchise in 2003, is weighing offers exceeding $300 million, including Steve Pagliuca’s bid tied to relocating to Boston and Marc Lasry’s offer intended to keep the team in Connecticut.
  • The WNBA Board of Governors must approve any sale or relocation; senators including Richard Blumenthal have warned the league that interference could raise antitrust issues, and no final decision has been announced.