The New York Liberty has achieved a record valuation of $450 million after selling shares in the WNBA team, marking a significant milestone in women's professional sports. The sold stakes, reflecting a mid-teens percentage of ownership, are expected to fund a new 75,000-square-foot practice facility in Brooklyn. This sale continues a trend of increasing valuations in women's sports, as seen in other recent investments like Alexis Ohanian's stake in Chelsea's Women's Super League club. The Liberty's success, including a championship win last season, showcases the expanding appeal and financial viability of women's sports.
The New York Liberty owners sold shares at a record valuation of $450 million, marking a significant milestone for women's professional sports franchises.
The capital raised from the sale will likely support the construction of a new practice facility in Brooklyn, demonstrating investment in team infrastructure.
The burgeoning valuations reflect the dynamic growth in women's sports, with recent stakes in teams like Chelsea and Angel City FC also reaching impressive prices.
WNBA teams like the Liberty are increasingly seen as strong investments, underscoring the shifting landscape and popularity of women's sports.
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