As the WNBA embarks on expansion, more than 10 potential ownership groups have submitted bids for the league's 16th franchise, due on January 30. Cities such as Austin are in contention, with notable investors including former Bucks co-owner Marc Lasry and NBA star Kevin Durant showing interest. The new team will add to recent expansions in Golden State, Portland, and Toronto, with plans to reach 16 teams by 2028. The league demonstrates growing momentum and investment interest in women's basketball as it moves forward with expansion efforts.
An NBA player, like Durant, can buy up to 4 percent of a WNBA team, and NBA players in aggregate can own up to 8 percent.
There are more than 10 potential ownership groups that submitted formal bids for the 16th WNBA franchise, indicating significant interest in expansion.
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