Overview
- In July, Celtics minority owner Steve Pagliuca agreed to buy the Sun for $325 million with plans to move the team to Boston, but Commissioner Cathy Engelbert never presented the deal for board approval, causing his exclusivity window to expire.
- Former Bucks owner Marc Lasry has matched the $325 million bid to keep the Sun in Connecticut, with state officials involved in discussions but no public commitment of facility funding.
- The WNBA has signaled Houston as its favored destination and is insisting on an additional, undisclosed relocation fee on top of the sale price, a requirement that could advantage Rockets owner Tilman Fertitta.
- Pagliuca’s proposal includes a $100 million pledge for a new Boston-area practice facility and potential use of TD Garden, while the Hartford bid hinges on unconfirmed state support for venues.
- With final sign-off resting with the Board of Governors, the outcome will hinge on which bidder meets the fee demand and secures concrete infrastructure or political backing.