Overview
- The Mohegan Tribe is preparing to present multiple paths to the WNBA to try to keep a record-priced transaction on track, according to ESPN.
- Options under consideration include a full sale to Steve Pagliuca, a competing Marc Lasry offer tied to Hartford, selling a minority stake, or a league purchase reportedly at $325 million.
- ESPN reports the WNBA previously offered to buy the franchise for $250 million and waive a relocation fee, an approach made before Pagliuca’s higher bid became public.
- Relocation requires Board of Governors approval, and league concerns include Boston’s absence from recent expansion processes and potential TD Garden scheduling conflicts that could push some games to Providence.
- The tribe sent the league a July 2 executive summary without a signed term sheet; after exclusivity lapsed, Lasry matched the $325 million price, but sources say the league would not approve a move to Hartford.