Overview

• Co-founders Geoff Prentice and Grady Burnett are leading the venture, with former WNBA star Alana Beard serving as chief basketball officer.
• The format calls for seven two-week tournaments with 11-player rosters, positioning events to overlap the NBA calendar but generally outside the WNBA’s summer season.
• Burnett says salaries will be multiples higher than current women’s team sports and will include equity stakes, and he says the group has already signed WNBA players.
• Athlete backers include Candace Parker, Novak Djokovic, Sloane Stephens and Steve Young, alongside investors such as Mangrove Capital, Quiet Capital and Sequence Equity.
• The league will be based in Singapore with a partnership with Sela, and Bloomberg has reported a $5 billion fundraising goal that organizers have not disclosed progress on.