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Finance

Mohegan Tribe Sells Connecticut Sun WNBA Team to Tilman Fertitta for $300 Million

The Mohegan Tribal Gaming Authority has agreed to sell the Connecticut Sun, a Women’s National Basketball Association (WNBA) team, to Fertitta Entertainment, led by Houston Rockets owner Tilman Fertitta, for $300 million. The transaction, announced in September 2023, will keep the team based in Connecticut. Fertitta’s acquisition marks a significant investment in women’s professional basketball and expands his sports franchise portfolio. The Mohegan Tribe, previously the franchise owner, made this decision amid evolving business priorities. The deal underscores increasing valuation and private investment interest in WNBA teams, reflecting the league’s growing commercial appeal. This ownership transfer is subject to WNBA approval, consistent with league protocols.

Aegis Insights • Sep 21, 2023 • 1 min read