Connecticut Seeks to Retain WNBA Team by Offering Higher Valuation

Connecticut is actively pursuing a strategy to retain the WNBA team, the Connecticut Sun, by proposing a minority stake purchase at a valuation higher than the WNBA’s current $250 million offer. The state’s initiative is a response to the team’s potential relocation, which could have significant economic implications for the region. The decision to offer a higher valuation is seen as a way to compete with other states that may be vying for the team’s relocation.