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The New York Liberty have raised capital at a report valuation for knowledgeable ladies’s sports activities franchise of $450 million. The full measurement of the shares offered within the staff’s capital increase is a share within the “mid-teens,” in line with one of many sources.
Final summer season, the Dallas Wings offered two half-percent stakes within the franchise at a $208 million valuation. Earlier this month, entrepreneur Alexis Ohanian paid $26.5 million for an 8 p.c stake in Chelsea Ladies, which values the staff at $326 million.
The Liberty hope to construct a brand new observe facility after successful their first WNBA championship in franchise historical past in October.
Staff proprietor Clara Wu Tsai and her husband, Joe Tsai, bought the Liberty in January 2019. Wu Tsai lately instructed Bloomberg that by the mid-2030s, she thinks the Liberty will be the “first billion-dollar ladies’s sports activities franchise.” Starting subsequent season, the WNBA will profit from a brand new 11-year media rights deal value about $200 million per yr.
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