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WNBA team sale price

 
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tfan



Joined: 31 May 2010
Posts: 9617



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PostPosted: 03/02/21 8:59 pm    ::: WNBA team sale price Reply Reply with quote
This article claims that "sports bankers" estimate the Liberty were sold for $10 to $14 million and then adds that the price may or may not include 10s of millions of dollars in debt. It also claims that Dolan had lowered the price he was originally asking for the team.

Minor mystery solved? Report indicates Tsai paid low eight figures for New York Liberty
ClayK



Joined: 11 Oct 2005
Posts: 11147



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PostPosted: 03/03/21 9:36 am    ::: Re: WNBA team sale price Reply Reply with quote
tfan wrote:
This article claims that "sports bankers" estimate the Liberty were sold for $10 to $14 million and then adds that the price may or may not include 10s of millions of dollars in debt. It also claims that Dolan had lowered the price he was originally asking for the team.

Minor mystery solved? Report indicates Tsai paid low eight figures for New York Liberty


I could believe Tsai assumed some debt, but given how long it took Dolan to sell the Liberty, the price seems very unrealistic. After all. Dolan couldn't give it away at first ...



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Randy



Joined: 08 Oct 2011
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PostPosted: 03/03/21 3:10 pm    ::: Reply Reply with quote
Should we really care about what WNBA teams sell for, or don't sell for? With the way they are spending on FA, it is clear the owners don't care about that sort of thing. Why should we?
Richyyy



Joined: 17 Nov 2005
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PostPosted: 03/03/21 3:39 pm    ::: Reply Reply with quote
Randy wrote:
Should we really care about what WNBA teams sell for, or don't sell for? With the way they are spending on FA, it is clear the owners don't care about that sort of thing. Why should we?

The long-term viability of the league is dependent on ownership continuing to be involved - whether it's individual team owners, or league ownership (currently at least in part through the NBA). Generally speaking, people get tired of losing money year after year. Everyone has their own threshold for how long that takes, but usually you'll get there at some point. Teams having a meaningful monetary value would be a suggestion that either a) the teams aren't necessarily losing money year after year any more, or b) the value of the franchise is rising enough to negate any year-on-year loss.

That's then good for us because the League's stability and ability to grow and survive becomes more secure. Just because it's been around for 25 years doesn't mean it's a definitive permanent fixture. Enough people have to continue to see the value in it.

Beyond all that, it's just a good sign if the monetary value of anything in the women's game goes up, whether it's teams, leagues, players, TV rights or whatever. It's a sign of more interest, and it would lead to more and better coverage. Should we care whether millionaires get paid for their teams on the way out? Nah. But it's about what it means and what it shows.

Of course, the article that started this thread hasn't actually 'solved' anything. The writer found someone who was willing to make up some numbers for them. It's a guess, not anything genuinely sourced.



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