The New York Liberty has been sold at a groundbreaking valuation of $450 million, now the highest for a women's professional sports team. The investment is part of a trend showing increasing value and interest in women's sports franchises. The raised capital, which reflects a percentage stake in the team, will aid in constructing a new 75,000 sq ft practice facility in Brooklyn, designed for advanced training, player recovery, and personal needs. This move follows other significant investments in women's teams, highlighting their growing prominence.
New York Liberty owners sold shares in the WNBA team at a record valuation of $450m, earmarking funds for a new practice facility in Brooklyn.
The recent sale marks a trend of rising valuations in women’s sports franchises, reflecting growing investment interest and potential in the sector.
The Liberty, with plans to enhance player facilities, underscores the increasing support for women's sports, having seen a boost in their market value.
Investors like Alexis Ohanian are now actively purchasing stakes in women’s sports, signaling a shift in how these franchises are valued and funded.
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