New

Published October 19, 2026 · Data through November 4, 2026 · Dataset v3

Controlling owners, investors, sales and facility projects for all 15 WNBA teams, each linked to its source.

Who owns every WNBA team

TeamControlling owner/groupNBA relationship (November 4, 2026)Effective sinceEvidence
Golden State ValkyriesJoe LacobPeter GuberShared control (Warriors)October 5, 2023League release
New York LibertyJoe TsaiClara Wu TsaiShared control (Nets)January 30, 2019Owner release
Indiana FeverHerb SimonShared control (Pacers)2000Team release
Las Vegas AcesMark DavisNone identifiedFebruary 12, 2021League release
Seattle StormLisa BrummelGinny GilderDawn TrudeauNone identified2008SEC filing officer/manager only
Phoenix MercuryMat IshbiaJustin IshbiaShared control (Suns)February 7, 2023League release
Los Angeles SparksMark WalterShared control (Lakers, since Oct 2025)February 2014League release
Minnesota LynxMarc LoreAlex RodriguezShared control (Timberwolves, since Jun 2025)League release
Connecticut Sun (Houston Comets from 2027)Tilman FertittaShared control (Rockets, since May 14 2026)Owner release
Chicago SkyMichael Alter (principal owner)None identified2006Sportico report (reposted by team) report only
Portland FireLisa Bhathal MerageAlex BhathalNone identifiedSeptember 18, 2024League release
Dallas WingsBill Cameron (majority)None identified2009SEC filing officer/manager only
Washington MysticsTed LeonsisShared control (Wizards, via Monumental)May 2005Owner release
Atlanta DreamLarry GottesdienerNone identifiedFebruary 26, 2021League release
Toronto TempoLarry TanenbaumOther affiliation (Tanenbaum MLSE role reported; current title not re-verified)Team release

Future teams (not in active counts): Cleveland Sirens (2028), Detroit (2029), Philadelphia (2030). See future teams.

Publicly disclosed investors

Governor and executive titles never create an ownership row. Parent-company percentages are never converted into franchise percentages. "Former pro athlete" means the person played professionally; tags overlap and are never added together.

InvestorTeam or entityRelationshipDisclosed stakeEffectiveStatusEvidence
Joe LacobGolden State ValkyriesOwnership (as described)Not disclosedOctober 5, 2023Current as of cited evidenceLeague release
Peter GuberGolden State ValkyriesOwnership (as described)Not disclosedOctober 5, 2023Current as of cited evidenceLeague release
Joe TsaiNew York Liberty, via parent BSE Global (parent)Indirect (via parent)Not disclosedJanuary 30, 2019Current as of cited evidenceSEC filing
Clara Wu TsaiNew York Liberty, via parent BSE Global (parent)Indirect (via parent)Not disclosedJanuary 30, 2019Current as of cited evidenceOwner release
Julia Koch and familyNew York Liberty, via parent BSE Global (parent of Nets, Liberty, Barclays Center)Indirect (via parent)15% of parent BSE Global (stated in release); franchise-level % not disclosedJune 19, 2024Historically disclosed; not reconfirmedOwner release
Herb SimonIndiana FeverOwnership (as described)Not disclosed2000Current as of cited evidenceTeam release
Mark DavisLas Vegas AcesOwnership (as described)Not disclosedFebruary 12, 2021Current as of cited evidenceLeague release
Tom BradyLas Vegas AcesOwnership (as described)Not disclosedOctober 2, 2023Historically disclosed; not reconfirmedTeam release
Lisa BrummelSeattle StormOwnership (as described)Not disclosed2008Current as of cited evidenceSEC filing
Ginny GilderSeattle StormOwnership (as described)Not disclosed2008Current as of cited evidenceTeam release
Dawn TrudeauSeattle StormOwnership (as described)Not disclosed2008Current as of cited evidenceTeam release
Sue BirdSeattle StormOwnership (as described)Not disclosedApril 24, 2024Historically disclosed; not reconfirmedTeam release
Bobby WagnerSeattle StormOwnership (as described)Not disclosedJuly 23, 2025Current as of cited evidenceTeam release
12 investor groups (2023 share sale, names not all public)Seattle StormUnnamed group (not counted)11% combined (reported)January 4, 2023Historically disclosed; not reconfirmedSEC filing
Mat IshbiaPhoenix MercuryOwnership (as described)Not disclosedFebruary 7, 2023Current as of cited evidenceLeague release
Justin IshbiaPhoenix MercuryOwnership (as described)Not disclosedFebruary 7, 2023Historically disclosed; not reconfirmedLeague release
Mark WalterLos Angeles SparksOwnership (as described)Not disclosedFebruary 2014Current as of cited evidenceLeague release
Magic JohnsonLos Angeles SparksOwnership (as described)Not disclosedFebruary 2014Historically disclosed; not reconfirmedLeague release
Todd BoehlyLos Angeles SparksOwnership (as described)Not disclosedFebruary 2014Historically disclosed; not reconfirmedlatimes.com report
Stan KastenLos Angeles SparksOwnership (as described)Not disclosedFebruary 2014Historically disclosed; not reconfirmedlatimes.com report
Robert PattonLos Angeles SparksOwnership (as described)Not disclosedFebruary 2014Historically disclosed; not reconfirmedlatimes.com report
Marc LoreMinnesota LynxOwnership (as described)Not disclosedJune 24, 2025Current as of cited evidenceLeague release
Alex RodriguezMinnesota LynxOwnership (as described)Not disclosedJune 24, 2025Current as of cited evidenceLeague release
Tilman FertittaConnecticut Sun (Houston Comets from 2027)Ownership (as described)Not disclosedMay 14, 2026Current as of cited evidenceOwner release
Michael AlterChicago SkyOwnership (as described)Not disclosed2006Current as of cited evidenceSportico report (reposted by team)
Nadia RawlinsonChicago SkyOwnership (as described)Not disclosedJanuary 2023Current as of cited evidenceSportico report (reposted by team)
John RogersChicago SkyOwnership (as described)Not disclosedNot establishedHistorically disclosed; not reconfirmedSportico report (reposted by team)
Laura RickettsChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Mary DillonChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Laura DesmondChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Cari SacksChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Tina TchenChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Anne Sempowski WardChicago SkyOwnership (as described)Not disclosed2023Historically disclosed; not reconfirmedSportico report (reposted by team)
Dwyane WadeChicago SkyOwnership (as described)Not disclosedJuly 2023Historically disclosed; not reconfirmedTeam release
Lisa Bhathal MeragePortland FireOwnership (as described)Not disclosedSeptember 18, 2024Current as of cited evidenceLeague release
Alex BhathalPortland FireOwnership (as described)Not disclosedSeptember 18, 2024Current as of cited evidenceLeague release
Bill (William M.) CameronDallas WingsOwnership (as described)Not disclosed2009Current as of cited evidenceSEC filing
David BoxDallas WingsOwnership (as described)Not disclosed2009Historically disclosed; not reconfirmedSEC filing
Ted LeonsisWashington Mystics, via parent Monumental Sports & Entertainment (parent; controlling)Indirect (via parent)Not disclosedMay 2005Current as of cited evidenceOwner release
Sheila JohnsonWashington Mystics, via parent Monumental Sports & Entertainment (parent)Indirect (via parent)Not disclosedMay 2005Historically disclosed; not reconfirmedSBJ report
Qatar Investment AuthorityWashington Mystics, via parent Monumental Sports & Entertainment (parent)Indirect (via parent)About 5% of parent Monumental (reported; not stated in release we cite)July 2023Historically disclosed; not reconfirmedOwner release
Larry GottesdienerAtlanta DreamOwnership (as described)Not disclosedFebruary 26, 2021Current as of cited evidenceLeague release
Suzanne AbairAtlanta DreamOwnership (as described)Not disclosedFebruary 26, 2021Historically disclosed; not reconfirmedLeague release
Renee MontgomeryAtlanta DreamOwnership (as described)Not disclosedFebruary 26, 2021Historically disclosed; not reconfirmedLeague release
Larry Tanenbaum (Kilmer Sports Ventures)Toronto TempoOwnership (as described)Not disclosedMay 23, 2024Current as of cited evidenceTeam release
Serena WilliamsToronto TempoOwnership (as described)Not disclosedMarch 2025Current as of cited evidenceLeague release
Sukhinder Singh CassidyToronto TempoOwnership (as described)Not disclosedMay 2025Current as of cited evidenceTeam release
Lilly SinghToronto TempoOwnership (as described)Not disclosedMay 2025Current as of cited evidenceTeam release
Geoff MolsonToronto TempoOwnership (as described)Not disclosedSeptember 23, 2025Current as of cited evidenceTeam release
France Margaret BélangerToronto TempoOwnership (as described)Not disclosedSeptember 23, 2025Current as of cited evidenceTeam release
Scott LakeToronto TempoOwnership (as described)Not disclosedNot establishedCurrent as of cited evidenceTeam release
Reetu GuptaToronto TempoOwnership (as described)Not disclosedNot establishedCurrent as of cited evidenceTeam release
Masai UjiriToronto TempoOwnership (as described)Not disclosedMarch 31, 2026Current as of cited evidenceTeam release
Kyle LowryToronto TempoOwnership (as described)Not disclosedJuly 7, 2026Current as of cited evidenceLeague release
Ayahna Cornish-LowryToronto TempoOwnership (as described)Not disclosedJuly 7, 2026Current as of cited evidenceLeague release

Prices and valuations

TeamRelevant transactionPrice and statusPublisher estimates (credited)Evidence
Golden State Valkyries2023: expansion admission fee$50M (reported (league release does not state the fee))CNBC: $1B (May 4, 2026), CNBC estimate
Sportico: $850M (May 1, 2026), Sportico estimate
Ledger row
New York Liberty2019: control saleNot disclosed in seller filing (Sportico estimate $10-14M; reported debt assumption)CNBC: $600M (May 4, 2026), CNBC estimate
Sportico: $600M (May 1, 2026), Sportico estimate
Ledger row
Indiana FeverNone indexedCNBC: $560M (May 4, 2026), CNBC estimate
Sportico: $560M (May 1, 2026), Sportico estimate
Las Vegas Aces2021: control sale$2M (reported (approximate))CNBC: $500M (May 4, 2026), CNBC estimate
Sportico: $410M (May 1, 2026), Sportico estimate
Ledger row
Seattle Storm2008: control sale$10M (disputed: $10M (Seattle Times 2008) vs about $1M (Sportico 2026))CNBC: $450M (May 4, 2026), CNBC estimate
Sportico: $425M (May 1, 2026), Sportico estimate
Ledger row
Phoenix Mercury2023: bundled acquisition (with NBA team)Bundled; no WNBA priceCNBC: $445M (May 4, 2026), CNBC estimate
Sportico: $420M (May 1, 2026), Sportico estimate
Ledger row
Los Angeles Sparks2014: control saleNot established from available sourcesCNBC: $415M (May 4, 2026), CNBC estimate
Sportico: $400M (May 1, 2026), Sportico estimate
Ledger row
Minnesota Lynx2025: bundled acquisition (with NBA team)Bundled; no WNBA priceCNBC: $405M (May 4, 2026), CNBC estimate
Sportico: $355M (May 1, 2026), Sportico estimate
Ledger row
Connecticut Sun2026: control sale (with relocation)$300M (disclosed in seller release)Not ratedLedger row
Chicago Sky2006: expansion admission fee$10M (reported (secondary compilations; original report not located))CNBC: $390M (May 4, 2026), CNBC estimate
Sportico: $320M (May 1, 2026), Sportico estimate
Ledger row
Portland Fire2024: expansion admission fee$75M (disputed: $75M fee (CNBC, Sportico) vs $125M (AP))CNBC: $380M (May 4, 2026), CNBC estimateLedger row
Dallas WingsNone indexedCNBC: $370M (May 4, 2026), CNBC estimate
Sportico: $325M (May 1, 2026), Sportico estimate
Washington Mystics2005: control saleNot established from available sourcesCNBC: $335M (May 4, 2026), CNBC estimate
Sportico: $310M (May 1, 2026), Sportico estimate
Ledger row
Atlanta Dream2021: control sale$5M (reported (approximate))CNBC: $330M (May 4, 2026), CNBC estimate
Sportico: $280M (May 1, 2026), Sportico estimate
Ledger row
Toronto Tempo2024: expansion admission fee$50M (reported (AP))CNBC: $325M (May 4, 2026), CNBC estimateLedger row

Valuations are CNBC and Sportico estimates, credited to each publisher and not transaction prices. The page shows no ratio, multiple or return. Bundled NBA and WNBA prices are never split.

Who owns WNBA teams? Search the controlling owners, publicly disclosed investors, transaction records and facility projects for all 15 teams in FCB's 2026 ownership reference. Team ownership, governor roles and league investments are recorded separately, with evidence attached to each claim.

One detail from the filings: the Mohegan Tribe's 2003 purchase of the Sun was $2 million in cash plus an $8 million note to the league, according to its SEC registration statement.

What FCB's research shows

10 people with professional playing experience were publicly identified as investors in 7 active franchises

FCB has documented 10 people with professional playing experience who were publicly identified as investors in 7 currently active franchises (Atlanta Dream, Chicago Sky, Las Vegas Aces, Los Angeles Sparks, Minnesota Lynx, Seattle Storm and Toronto Tempo): Alex Rodriguez, Bobby Wagner, Dwyane Wade, Kyle Lowry, Magic Johnson, Masai Ujiri, Renee Montgomery, Serena Williams, Sue Bird and Tom Brady. Disclosures cover 2014-2026; not all holdings have been reconfirmed as of November 4, 2026. Evidence for 5 of them is more than 24 months old and is flagged for recheck, which is not evidence of an exit.

Method: distinct person IDs with has_professional_playing_experience = yes, matched to active-franchise IDs. An executive career is a separate, overlapping tag, not an exclusion (Masai Ujiri played professionally in Europe, per a Nuggets release). Olympic participation alone does not qualify. No row carries an explicit current-holding confirmation, so this is a count of disclosures, not current holdings. Stakes are not disclosed.

Expansion fees: 16.8 times the 2008 fee in 2026 dollars

In 2026 dollars, the reported WNBA expansion fee was $16.5M in 2006 and $15.4M in 2008, against $258M for each 2025 franchise: about 15.6 times the 2006 fee and 16.8 times the 2008 fee in purchasing-power terms. The nominal jump, $10M to $250M, is 25 times. Data through November 4, 2026.

Coverage: 18 control-change and fee events indexed; 11 priced and undisputed, 7 unpriced or disputed. Method: BLS CPI-U (CUUR0000SA0) annual averages against the January-September 2026 average (not a full-year 2026 average); series, periods and index values are exported per row in transactions.csv. Multiples use unrounded values. Caveat: the 2006 and 2008 fees appear only in secondary reports, and the 2025 fee is from AP (the league release names the owners, not the fee). Portland's fee is disputed and excluded. Inflation adjustment measures purchasing power, not investor returns.

6 of 11 tracked facility projects are not operational yet

Among the 11 facility projects FCB tracks, 4 provide operational team-specific practice space, 1 is an operational shared complex and 6 are not yet operational. This project inventory is separate from where all 15 teams currently practice. Data through November 4, 2026.

Budget and funding totals are held back until currency, scope and sources are reviewed. Each project's amounts are listed in the table with their status and currency. Budgets are announcements, not spending, and the Storm's financing is part of the same $64M budget, not an extra investment.

Franchise sales and expansion fees

One row per deal. "Not disclosed" appears only where a document shows nondisclosure; otherwise the row says "not established from available sources." Bundled NBA and WNBA prices are never allocated to the WNBA team, and an unknown amount is never shown as zero.

DateFranchiseSeller → buyerTypeAmountWhat it covers2026 $Evidence (deal)Evidence (amount)
January 28, 2003Orlando Miracle -> Connecticut SunWNBA, LLC (league-held franchise) → Mohegan Basketball Club LLC (Mohegan Tribal Gaming Authority)control sale (with relocation)$10M
disclosed in filing
$2.0M cash (advanced by MTGA) + $8.0M note payable to WNBA, LLC at 3-month LIBOR + 1.5%$18.1MSEC filingSEC filing
2005Washington MysticsWashington Sports & Entertainment (Abe Pollin) → Lincoln Holdings (Ted Leonsis; Sheila Johnson)control salenot established from available sourcesfranchise (part of a deal that included stakes in other DC teams, reported)SBJ report
2006Chicago Sky— → Michael Alter groupexpansion admission fee$10M
reported (secondary compilations; original report not located)
expansion admission fee$16.5MPrimary not located
2006Seattle Storm (with SuperSonics)Basketball Club of Seattle (Howard Schultz) → Professional Basketball Club LLC (Clay Bennett)bundled acquisition (with NBA team)bundled; no WNBA allocationSonics + Storm (+ other assets not established)Primary not located
2008Atlanta Dream— → Ron Terwilliger groupexpansion admission fee$10M
reported (original report not located)
expansion admission fee; reported as $1M upfront + installments$15.4MPrimary not located
2008Seattle StormProfessional Basketball Club LLC (Clay Bennett) → Force 10 Hoops LLC (Brummel, Gilder, Trudeau, Levinson)control sale$10M
disputed: $10M (Seattle Times 2008) vs about $1M (Sportico 2026)
franchise$15.4MSeattle Times reportSeattle Times report
2009Detroit Shock -> Tulsa ShockDetroit Pistons ownership (Palace Sports & Entertainment; seller entity not confirmed) → Tulsa Pro Hoops LLC (Bill Cameron, David Box)control sale (with relocation)not established from available sourcesfranchise + relocationSEC filing
2014Los Angeles SparksKathy Goodman / Carla Christofferson group → Mark Walter, Magic Johnson and Dodgers partnerscontrol salenot established from available sourcesfranchiseLeague release
October 17, 2017San Antonio Stars -> Las Vegas AcesSpurs Sports & Entertainment → MGM Resorts Internationalcontrol sale (with relocation)not established from available sourcesfranchise + relocationLeague release
January 30, 2019New York LibertyThe Madison Square Garden Company → B-Cubed Basketball, LLC (Joe and Clara Wu Tsai)control salenot disclosed in seller filing (Sportico estimate $10-14M; reported debt assumption)franchise; debt treatment reported but not documentedSEC filingSEC filing
February 26, 2021Atlanta DreamMary Brock and Kelly Loeffler → Larry Gottesdiener, Suzanne Abair, Renee Montgomerycontrol sale$5M
reported (approximate)
franchise$6.1MLeague releaseSportico report
February 12, 2021Las Vegas AcesMGM Resorts International → Mark Daviscontrol sale$2M
reported (approximate)
franchise$2.5MLeague releaseSportico report
October 5, 2023Golden State Valkyries— → Golden State Warriors ownershipexpansion admission fee$50M
reported (league release does not state the fee)
expansion admission fee; reported as paid over time$54.5MLeague releaseSportico report
February 7, 2023Phoenix Mercury (with Suns)Robert Sarver → Mat Ishbia, Justin Ishbiabundled acquisition (with NBA team)bundled; no WNBA allocationSuns + Mercury (and other assets not established); $4B reportedLeague release
September 18, 2024Portland Fire— → RAJ Sports (Bhathal family)expansion admission fee$75M
disputed: $75M fee (CNBC, Sportico) vs $125M (AP)
expansion fee vs total commitment unresolved$79.4MLeague releaseAP report
May 23, 2024Toronto Tempo— → Kilmer Sports Ventures (Larry Tanenbaum)expansion admission fee$50M
reported (AP)
$50M fee within a reported $115M total commitment$53MTeam releaseAP report
June 30, 2025Cleveland Sirens (begins 2028)— → Dan Gilbert / Rock Entertainment Groupexpansion admission fee$250M
reported (AP); league release names owners but not the fee
expansion admission fee$258MLeague releaseAP report
June 30, 2025Detroit (begins 2029)— → Tom Goresexpansion admission fee$250M
reported (AP); league release names owners but not the fee
expansion admission fee$258MLeague releaseAP report
2025Los Angeles Sparks (via Lakers)Buss family (Lakers) → Mark Walternot a WNBA transaction (context)not applicable (Lakers sale did not transfer the Sparks)Lakers onlyLeague release
June 24, 2025Minnesota Lynx (with Timberwolves)Glen Taylor → Marc Lore, Alex Rodriguezbundled acquisition (with NBA team)bundled; no WNBA allocationTimberwolves + Lynx; $1.5B reported valuationLeague release
June 30, 2025Philadelphia (begins 2030)— → Josh Harris, David Blitzer (HBSE)expansion admission fee$250M
reported (AP); league release names owners but not the fee
expansion admission fee$258MLeague releaseAP report
May 14, 2026Connecticut Sun -> Houston Comets (2027)Mohegan Tribal Gaming Authority → Tilman Fertittacontrol sale (with relocation)$300M
disclosed in seller release
$150M paid at closing; $150M due by 2026-12-31 (payment of the second installment not yet documented)$300MOwner releaseOwner release

Known gaps: the 2003 Utah Starzz to San Antonio move, the 2003 Charlotte Sting, the 2006-07 Sparks sale, the 2007 Houston Comets sale and the 2002-03 transfers of league-held teams. Defunct franchises are not indexed yet. The 2027 Houston Comets are the relocated Sun franchise, not the 1997-2008 Comets, and the 2026 Portland Fire is a new franchise, not the 2000-02 Fire.

Practice facility investments

Project / teamWNBA useStatusAnnounced budgetDocumented fundingOpening (actual or target)Evidence
Las Vegas Aces training facility
Las Vegas Aces
WNBA-exclusiveoperational$40M (reported)Not itemized2023 (before season)AP report
BECU Storm Center for Basketball Performance
Seattle Storm
WNBA-exclusive (also team HQ and youth programs)operational$64M (stated)documented private financing: $64M (stated (team) + reported (Seattle Times "privately funded"))April 28, 2024 (training camp opening per release)Team release · Team release
Phoenix Mercury practice facility (Player 15 Group HQ campus)
Phoenix Mercury
WNBA practice facility within a mixed-use campusoperational$100M (stated)Not itemizedJuly 18, 2024Team release
Valkyries Performance Center
Golden State Valkyries
WNBA-exclusive (renovated former Warriors facility)operationalNot disclosedNot itemizedFebruary 2025Team release
Kaiser Permanente Performance Center
Portland Fire; Portland Thorns (NWSL)
shared sports facility (two pro teams, same owner)operational$150M (reported)Not itemizedAugust 22, 2026 (ribbon cutting, OPB)OPB report
Chicago Sky practice facility
Chicago Sky
WNBA-exclusive (village plans community facilities around it)under construction (delayed)$60M (reported)public funding (municipal), amount not disclosed (reported)November 2026Team release · SBJ report
New York Liberty practice facility
New York Liberty
WNBA-exclusive (includes front office, retail)under construction$80M (stated)documented private funding commitment: $80M (stated ("fully-funded by the Liberty's ownership group"))2027Team release
Indiana Fever Sports Performance Center
Indiana Fever
WNBA-exclusive (includes front office)under construction$78M (stated)Not itemizedbefore 2027 seasonTeam release
Sparks training facility
Los Angeles Sparks
WNBA-exclusiveunder construction$150M (stated)Not itemized2027Team release
Dallas Wings practice facility
Dallas Wings
WNBA-exclusiveunder construction (status disputed)$80M (reported)public funding (municipal): $52M (reported (attributed to a TDLR filing)); reported private funding: $27-28M (reported)April 2027Houston Chronicle report
Toronto Tempo practice facility
Toronto Tempo
WNBA-exclusive with secured city community accessapprovedAbout 100M, currency unresolved (reported (cost detail is in a confidential attachment to the city report))documented private funding responsibility (stated in municipal document); public support (in kind) (stated in municipal documents (authorized by council))2028 summer (city programming start)City of Toronto document · torontosun.com report · City of Toronto document

No project of their own: Lynx (share with the Timberwolves), Mystics (CareFirst Arena), Dream (partner facility), Sun (none announced). Budgets are announcements, not spending, and the page shows no grand total across budgets, private funding and public support.

Team-by-team ownership profiles

Golden State Valkyries

Joe Lacob and Peter Guber
Controlling owner
Joe Lacob and Peter Guber (League release)
What the source says
as described in linked source
Current practice arrangement
team performance center (fac-valkyries-oakland)
Documented entities
Not documented
Public investors
Joe Lacob, Peter Guber (filter)
NBA relationship
Shared control (Warriors)
Valuation estimates
CNBC $1B (May 4, 2026); Sportico $850M (May 1, 2026)
Facility
Valkyries Performance Center (operational)
Verified
October 19, 2026 · Golden State Valkyries team page

New York Liberty

Joe Tsai and Clara Wu Tsai
Controlling owner
Joe Tsai and Clara Wu Tsai (Owner release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
B-Cubed Basketball, LLC (buyer of the Liberty from MSG (Jan 30, 2019)) SEC filing; New York Liberty, LLC (operating entity (foreign LLC registered in NY)) NY state registry record 4773210 (open-data API; see CSV); BSE Global, LLC (parent (Nets, Liberty, Barclays Center)) NY state registry record 7925006 (open-data API; see CSV)
Public investors
Joe Tsai, Clara Wu Tsai, Julia Koch and family (filter)
NBA relationship
Shared control (Nets)
Valuation estimates
CNBC $600M (May 4, 2026); Sportico $600M (May 1, 2026)
Facility
New York Liberty practice facility (under construction)
Verified
October 19, 2026 · New York Liberty team page

Indiana Fever

Herb Simon
Controlling owner
Herb Simon (Team release)
What the source says
Fever release: Herb Simon is "chairman and owner of Pacers Sports & Entertainment"; PS&E "joined the WNBA with the expansion Fever in 2000" Background source; present-day control not separately documented.
Current practice arrangement
unresolved
Documented entities
Not documented
Public investors
Herb Simon (filter)
NBA relationship
Shared control (Pacers)
Valuation estimates
CNBC $560M (May 4, 2026); Sportico $560M (May 1, 2026)
Facility
Indiana Fever Sports Performance Center (under construction)
Verified
October 19, 2026 · Indiana Fever team page

Las Vegas Aces

Mark Davis
Controlling owner
Mark Davis (League release)
What the source says
as described in linked source
Current practice arrangement
team practice facility (operational project fac-aces-henderson)
Documented entities
Not documented
Public investors
Mark Davis, Tom Brady (filter)
NBA relationship
None identified
Valuation estimates
CNBC $500M (May 4, 2026); Sportico $410M (May 1, 2026)
Facility
Las Vegas Aces training facility (operational)
Verified
October 19, 2026 · Las Vegas Aces team page

Seattle Storm

Lisa Brummel; Ginny Gilder; Dawn Trudeau
Controlling owner
Lisa Brummel; Ginny Gilder; Dawn Trudeau (SEC filing officer/manager only)
What the source says
Form D lists Lisa Brummel as executive officer/manager of issuer Force 10 Hoops LLC Form D Related Persons are officers, directors and promoters, not a shareholder or control register. The three-person ownership group and the 2008 acquisition are not established by this filing.
Current practice arrangement
team practice facility (operational project fac-storm-interbay)
Documented entities
Force 10 Hoops LLC (operating owner (issuer of team equity)) SEC filing; Ackerley Seattle Storm, Inc. (former operating entity) SEC filing
Public investors
Lisa Brummel, Ginny Gilder, Dawn Trudeau, Sue Bird, Bobby Wagner (filter)
NBA relationship
None identified
Valuation estimates
CNBC $450M (May 4, 2026); Sportico $425M (May 1, 2026)
Facility
BECU Storm Center for Basketball Performance (operational)
Verified
October 19, 2026 · Seattle Storm team page

Phoenix Mercury

Mat Ishbia and Justin Ishbia
Controlling owner
Mat Ishbia and Justin Ishbia (League release)
What the source says
as described in linked source
Current practice arrangement
practice facility within a mixed-use campus (fac-mercury-phoenix)
Documented entities
Not documented
Public investors
Mat Ishbia, Justin Ishbia (filter)
NBA relationship
Shared control (Suns)
Valuation estimates
CNBC $445M (May 4, 2026); Sportico $420M (May 1, 2026)
Facility
Phoenix Mercury practice facility (Player 15 Group HQ campus) (operational)
Verified
October 19, 2026 · Phoenix Mercury team page

Los Angeles Sparks

Mark Walter
Controlling owner
Mark Walter (League release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Not documented
Governor
Eric Holoman (managing partner and governor, per Sept. 4, 2026 team release) As of October 19, 2026. Team release
Public investors
Mark Walter, Magic Johnson, Todd Boehly, Stan Kasten, Robert Patton (filter)
NBA relationship
Shared control (Lakers, since Oct 2025)
Valuation estimates
CNBC $415M (May 4, 2026); Sportico $400M (May 1, 2026)
Facility
Sparks training facility (under construction)
Verified
October 19, 2026 · Los Angeles Sparks team page

Minnesota Lynx

Marc Lore and Alex Rodriguez
Controlling owner
Marc Lore and Alex Rodriguez (League release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Not documented
Public investors
Marc Lore, Alex Rodriguez (filter)
NBA relationship
Shared control (Timberwolves, since Jun 2025)
Valuation estimates
CNBC $405M (May 4, 2026); Sportico $355M (May 1, 2026)
Facility
None announced
Verified
October 19, 2026 · Minnesota Lynx team page

Connecticut Sun (Houston Comets from 2027)

Tilman Fertitta
Controlling owner
Tilman Fertitta (Owner release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Mohegan Basketball Club LLC (operating entity 2003-May 2026) SEC filing
Public investors
Tilman Fertitta (filter)
NBA relationship
Shared control (Rockets, since May 14 2026)
Valuation estimates
Not rated
Facility
None announced
Verified
October 19, 2026 · Connecticut Sun team page

Chicago Sky

Michael Alter (principal owner)
Controlling owner
Michael Alter (principal owner) (Sportico report (reposted by team) report only)
What the source says
Sportico report (reposted by the Sky): Michael Alter "will remain the club's principal owner" Report-based evidence even though it is hosted on the team site.
Current practice arrangement
unresolved
Documented entities
Not documented
Public investors
Michael Alter, Nadia Rawlinson, John Rogers, Laura Ricketts, Mary Dillon, Laura Desmond, Cari Sacks, Tina Tchen, Anne Sempowski Ward, Dwyane Wade (filter)
NBA relationship
None identified
Valuation estimates
CNBC $390M (May 4, 2026); Sportico $320M (May 1, 2026)
Facility
Chicago Sky practice facility (under construction (delayed))
Verified
October 19, 2026 · Chicago Sky team page

Portland Fire

Lisa Bhathal Merage and Alex Bhathal
Controlling owner
Lisa Bhathal Merage and Alex Bhathal (League release)
What the source says
as described in linked source
Current practice arrangement
shared complex with the NWSL Thorns (fac-raj-hillsboro)
Documented entities
RAJ Sports Management, LLC (owner-affiliated management entity) OREGON state registry record 239032899 (open-data API; see CSV)
Public investors
Lisa Bhathal Merage, Alex Bhathal (filter)
NBA relationship
None identified
Valuation estimates
CNBC $380M (May 4, 2026)
Facility
Kaiser Permanente Performance Center (operational)
Verified
October 19, 2026 · Portland Fire team page

Dallas Wings

Bill Cameron (majority)
Controlling owner
Bill Cameron (majority) (SEC filing officer/manager only)
What the source says
Form D lists William Cameron as director and executive officer of Tulsa Pro Hoops LLC The filing does not establish majority ownership or control.
Current practice arrangement
unresolved
Documented entities
Tulsa Pro Hoops LLC (operating entity (bought Detroit Shock 2009)) SEC filing; Dallas Wings Development, LLC (facility/development affiliate (inferred from name; not confirmed)) TEXAS state registry record 32104439040 (open-data API; see CSV); Dallas Wings Community Foundation (team foundation) TEXAS state registry record 32064701421 (open-data API; see CSV)
Public investors
Bill (William M.) Cameron, David Box (filter)
NBA relationship
None identified
Valuation estimates
CNBC $370M (May 4, 2026); Sportico $325M (May 1, 2026)
Facility
Dallas Wings practice facility (under construction (status disputed))
Verified
October 19, 2026 · Dallas Wings team page

Washington Mystics

Ted Leonsis
Controlling owner
Ted Leonsis (Owner release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Not documented
Public investors
Ted Leonsis, Sheila Johnson, Qatar Investment Authority (filter)
NBA relationship
Shared control (Wizards, via Monumental)
Valuation estimates
CNBC $335M (May 4, 2026); Sportico $310M (May 1, 2026)
Facility
None announced
Verified
October 19, 2026 · Washington Mystics team page

Atlanta Dream

Larry Gottesdiener
Controlling owner
Larry Gottesdiener (League release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Not documented
Public investors
Larry Gottesdiener, Suzanne Abair, Renee Montgomery (filter)
NBA relationship
None identified
Valuation estimates
CNBC $330M (May 4, 2026); Sportico $280M (May 1, 2026)
Facility
None announced
Verified
October 19, 2026 · Atlanta Dream team page

Toronto Tempo

Larry Tanenbaum
Controlling owner
Larry Tanenbaum (Team release)
What the source says
as described in linked source
Current practice arrangement
unresolved
Documented entities
Tempo Basketball Club Inc. (operating entity (tenant in city lease)) City of Toronto document
Public investors
Larry Tanenbaum (Kilmer Sports Ventures), Serena Williams, Sukhinder Singh Cassidy, Lilly Singh, Geoff Molson, France Margaret Bélanger, Scott Lake, Reetu Gupta, Masai Ujiri, Kyle Lowry, Ayahna Cornish-Lowry (filter)
NBA relationship
Other affiliation (Tanenbaum MLSE role reported; current title not re-verified)
Valuation estimates
CNBC $325M (May 4, 2026)
Facility
Toronto Tempo practice facility (approved)
Verified
October 19, 2026 · Toronto Tempo team page

Future teams

The league announced all three on June 30, 2025, subject to Board approval. Each fee was reported at $250M (AP report). They are outside every active count on this page. If they launch on schedule with these owners, 11 of 18 teams would share control with an NBA team by 2030. That is a projection, not a finding.

The full expansion story is at WNBA expansion teams.

Frequently asked questions

Who owns WNBA teams?

Each of the 15 teams has its own controlling owner; the ownership table above lists each one with the document that names them.

Does the NBA own the WNBA?

No single owner holds every team. The NBA relationship column in the ownership table shows, team by team, where a WNBA team shares an owner with an NBA team and what document supports it.

Which WNBA investors played professionally?

Alex Rodriguez, Bobby Wagner, Dwyane Wade, Kyle Lowry, Magic Johnson, Masai Ujiri, Renee Montgomery, Serena Williams, Sue Bird and Tom Brady were publicly identified as investors, per the investor register. Not every holding has been reconfirmed as of November 4, 2026.

What did the Mohegan Tribe pay for the Sun?

$10 million in 2003: $2 million in cash plus an $8 million note to the league, according to SEC filings.

Is Tom Brady part owner of the Aces?

The Aces announced on October 2, 2023 that Brady acquired an ownership interest. His stake was not disclosed, and FCB has not found a later reconfirmation.

Does Sue Bird own part of the Storm?

The Storm announced on April 24, 2024 that Bird joined its ownership group. Her stake was not disclosed.

Methods, data and sources

  • Compiled by: Ryan Moalemi for Full Court Buckets.
  • Sources: team and league releases, SEC filings (Form D, S-4, 10-Q and exhibits), owner releases and City of Toronto documents. Where no primary document exists, the earliest original report is used and labeled as a report.
  • Evidence: every record links the document behind it. A deal row links both the document that establishes the event and the one that establishes the amount.
  • Investors: only investors that teams, leagues or filings have made public; stakes appear only when disclosed.
  • Prices: amounts are nominal as disclosed or reported. 2026-dollar figures use BLS CPI-U (CUUR0000SA0) annual averages against the January to September 2026 average. They measure purchasing power, not returns.
  • Valuations: CNBC (May 4, 2026) and Sportico (May 1, 2026) estimates, each credited to its publisher.
  • Coverage: 15 active teams indexed; 12 have a sourced controlling-owner record (not yet primary-sourced for control: Seattle Storm: officer/manager only; Chicago Sky: report only; Dallas Wings: officer/manager only). Investor register: 62 rows = 54 person-or-organization relationships with active franchises (53 distinct people or families, 1 organization, across 15 franchises; 41 relationships tied to a primary document, 13 to a labeled report only) + 7 future-team rows + 1 unnamed group. Investors are the ones teams or filings have made public; this is not a complete cap table.
  • Governors: 1 of 15 sourced (Los Angeles Sparks). That name is in the team profile, with the check date and the source. The ownership table leaves the column out because the other rows were not yet sourced.
  • Not yet sourced: defunct franchises and the transactions listed as known gaps.

Owner photos: 12 owners shown with openly licensed photos from Wikimedia Commons, matched to the person through Wikidata or the Commons file description, cropped to the face and resized by FCB (changes made). 10 owners without a licensable photo are shown with initials. Credits: Joe Lacob: Joe Lacob White House 2023.jpg by The White House, Public domain; Peter Guber: Peter Guber White House 2023.jpg by The White House, Public domain; Joe Tsai: Joseph Tsai at the 2024 New York Liberty Ticker Tape Parade (cropped).jpg by WOWyerrr, CC BY-SA 4.0; Clara Wu Tsai: Clara Wu Tsai at the 2024 New York Liberty Ticker Tape Parade (cropped).jpg by WOWyerrr, CC BY-SA 4.0; Herb Simon: Herb Simon NBA All-Star Announcement Press Conference - 53307854219 (cropped).jpg by IndyMayorsOffice, Public domain; Mark Davis: Mark Davis (American football).jpg by Keith Allison, CC BY-SA 2.0; Ginny Gilder: Ginny Gilder.jpg by Lucinda Literary, CC BY-SA 4.0; Mat Ishbia: Mat Ishbia.jpg by United1986, CC BY-SA 4.0; Mark Walter: Mark Walter in 2025.jpg by Prime Minister's Office of Japan (首相官邸), CC BY 4.0; Alex Rodriguez: A-Rod Damon adjusted.jpg by A-Rod Damon.jpg: Keith Allison derivative work: Inefable001 (talk), CC BY-SA 2.0; Tilman Fertitta: United States Ambassador to Italy and San Marino Tilman Joseph Fertitta.jpg by US State Department, Public domain; Ted Leonsis: Ted Leonsis headshot 2013.jpg by DCBiz500, CC BY-SA 3.0. Details per photo are in owner_photos.csv.

CollectionRecords
ownership18
investors62
entities24
transactions22
facility_projects11
facility_financials18
valuations53

Download the data

Data dictionary
# Data dictionary: FCB WNBA ownership dataset (v3)

Data version: v3 · Data through: Nov 4, 2026 (PT) · License: CC0 (https://creativecommons.org/publicdomain/zero/1.0/). Free to use and republish.
Nov 4, 2026: Cleveland's announced franchise is the Cleveland Sirens. Rock Entertainment Group's Aug. 4, 2026 release names the team and says it is owned and operated by Rock Entertainment Group and Chairman Dan Gilbert. Other rows were not rechecked that day. CPI target remains the January–September 2026 average.
Source of truth: the CSVs in `data/wnba/owners/`. `automation/build_owners.py` generates every count, table and finding on the page from them; nothing on the page is typed in by hand.
Corrections, media and data questions: ryan@fullcourtbuckets.com (general: hello@fullcourtbuckets.com).

## Conventions used in every file
- **IDs** are stable slugs (`rel-…`, `ent-…`, `txn-…`, `fac-…`, `obs-…`, `val-…`, `team-…`, `src-…`). Permalinks use IDs, never ranks or dollar figures.
- **Dates** are ISO. `date_precision` says day, month or year; missing days are never invented.
- **Unknown is never zero.** A blank amount always comes with a status field that says why (not disclosed, not established, disputed, bundled).
- **Source types:** primary filing · primary document (municipal) · primary record (registry) · official announcement · official publication · original journalism · publisher estimate · FCB calculation · none located.
- **Evidence status:** sourced · report only · primary not located · disputed.
- **Current status:** current as of cited evidence (evidence dated in the last 24 months) · current (controlling owner corroborated by a 2026 report) · historically disclosed; current status not reconfirmed · future team: announced ownership.
- **Money:** USD millions, nominal unless the column says 2026 dollars. Arithmetic runs at full precision and is displayed to one decimal.

## ownership.csv: current ownership summary (18 rows: 15 active teams, 3 announced) · 12 fields
team_id · team · scope (active / future) · team_page (existing FCB slug) · controlling_owner · controlling_owner_source_url · controlling_owner_evidence · governor (sourced for 1 of 15 active teams as of Oct 19, 2026: Los Angeles Sparks; "not yet sourced" elsewhere) · governor_source_url · nba_relationship_current · nba_relationship_at_2026_05_04 (the snapshot used for valuation comparisons) · facility_project_ids · last_verified_at.
NBA relationship values: shared controlling ownership (evidence) · other affiliation (e.g., minority/parent role) · no qualifying shared-control relationship identified · unclear.

## investors.csv: publicly disclosed ownership and investor register (62 rows) · 22 fields
| Field | Definition |
|---|---|
| relationship_id | One person/entity–team relationship |
| person_or_entity_id | Counts unique people separately from relationships |
| entity_type | person · family group · institution · unnamed group |
| team, team_scope | Team; active or future |
| investor | As named in the source |
| role_as_described | The source's own words (principal, minority, partner, alternate governor…). Governor titles never create equity |
| relationship_type | team ownership as described (legal structure not documented) · indirect via documented parent · unnamed investor group |
| parent_path | Parent entity when the stake is in a parent (BSE Global, Monumental) |
| disclosed_stake | Only when disclosed; parent percentages are not converted into franchise percentages |
| effective_date, date_precision | Approval date if published, else announcement date |
| last_evidence_date | Date of the newest document we cite for this relationship |
| last_verified_at | Date FCB last checked it |
| current_status | See conventions |
| background_tags | Semicolon list; tags can overlap and are never summed as exclusive groups. "former pro athlete" = played professionally |
| background_basis | stated in cited document · FCB classification from public biography (source not linked) |
| evidence_status, source_type, primary_source_url | See conventions |
| counts_toward_active_findings | yes only for named investors at active teams |
| notes | Caveats |
League-level investors (the 2022 capital raise) are not in this file and never enter franchise counts.

## entities.csv: documented legal entities (24 rows) · 14 fields
entity_id · team · entity · documented_role (exactly what the record shows: issuer, buyer entity, lease tenant, foreign registration…) · jurisdiction_of_formation · registration_to_do_business (kept separate) · record_type · record_id · record_date · primary_source_url · status (found / not found) · last_verified_at · limitation (a registry entry is not proof of ownership or control) · notes.

## transactions.csv: franchise transaction ledger (22 rows) · 27 fields
transaction_id (one per deal; announcement, approval and closing are milestone columns, not separate rows) · year · franchise (relocations shown as A -> B) · seller · buyer · transaction_type (control sale · control sale (with relocation) · expansion admission fee · bundled acquisition (with NBA team) · not a WNBA transaction (context)) · announcement_date · approval_date · closing_date · amount_usd_m (blank for bundles) · bundled_amount_usd_m · currency · amount_status (disclosed in filing · disclosed in seller release · reported · disputed · not disclosed in seller filing · not established from available sources · bundled; no WNBA allocation) · consideration_scope (cash/note/installments/total-commitment) · event_source_url / event_source_type (the document that establishes the deal) · amount_source_url (the document that establishes the number; often journalism) · cpi_series · cpi_source_period · cpi_source_value · cpi_target_period · cpi_target_value · amount_2026_usd_m · eligible_for_summaries · exclusion_reason · last_verified_at · notes.

**Inflation.** Adjusted = nominal × target index ÷ source index. BLS CPI-U, U.S. city average, all items, NSA (CUUR0000SA0), from api.bls.gov on Oct 19, 2026. Source period = the deal year's annual average (matches BLS published averages 2002–2024). 2025 = 11-month average (no October 2025 index was published). Target = January–September 2026 average, 332.243 (latest month September 2026, 336.940). This measures purchasing power, not investor returns. Disputed and bundled amounts are excluded from summaries. Expansion fees and control sales are never combined in one statistic.

## facility_projects.csv: one row per project (11 rows) · 17 fields
project_id · project_name · linked_teams (a shared campus is one project with several teams) · use_classification (WNBA-exclusive · WNBA practice facility within a mixed-use campus · shared sports facility · unknown) · project_type · asset_owner_operator (only if documented) · location · delivery_status (announced · approved · under construction · under construction (delayed) · under construction (status disputed) · operational · canceled · unknown) · status_as_of · announced · original_target · revised_target · operational_date · floor_area_sqft · floor_area_scope (WNBA portion or whole campus) · primary_source_url · notes.
Teams with no project (Lynx and Mystics share facilities; Dream uses a partner facility; Sun has none announced) appear in ownership.csv with an empty facility_project_ids.

## facility_financials.csv: money observations (18 rows) · 14 fields
observation_id · project_id · amount_usd_m · precision · observation_type (announced/reported project cost · original budget · revised budget · documented private funding commitment · reported private funding · public funding · public support (in kind)) · funding_type · funder · status (stated · reported · authorized…) · observation_date · source_url · source_type · total_bucket · supersedes_or_note · notes.
**Total buckets, never added to each other:** A = announced budget of unique projects (revised budget replaces the original; shared and scope-unresolved projects shown separately) · B = documented private funding · C = public funding/support, by type and status (never summed into one subsidy figure) · D = verified expenditure (no records yet). A project budget is not money spent, and debt that funds a budget isn't extra investment.

## valuations.csv: publisher estimates (53 rows) · 9 fields
valuation_id · team · publisher · published_date · amount_usd_m · currency · value_type ("unspecified (publisher estimate)") · source_url · note. These are CNBC and Sportico proprietary estimates, credited to them; they are not transaction prices or FCB data.

## owner_photos.csv: controlling-owner photos (one row per named controlling owner of an active team)
photo_id · person · team_id · image_path (self-hosted 96x96 face crop) · display (photo / initials) · source_url (Wikimedia Commons file page) · title · author · license · license_url · identity_basis (Wikidata item whose image property names the file) · crop · retrieved. Photos are not covered by FCB's CC0 dedication; each keeps its own license. Initials are used where no openly licensed, face-visible photo was matched to the person.

## sources.csv: source index (79 rows) · 7 fields
source_id · url · issuer · source_type · used_in · access_status (paywalled sources are flagged) · archive_url (empty: archive.org snapshots not yet captured).

License: FCB's dataset, calculations and text are free to use and republish (CC0), no credit required. Valuations remain the work of CNBC and Sportico, and linked documents belong to their publishers.

Corrections: spot an error? Email ryan@fullcourtbuckets.com with a link to the document. Each fix is dated.

Media, data citations & editorial: ryan@fullcourtbuckets.com | General: hello@fullcourtbuckets.com

Cite this page

Moalemi, R. (2026, October 19). WNBA team owners 2026: who owns every team, plus sales and facility investments (Dataset v3). Full Court Buckets. https://fullcourtbuckets.com/wnba/owners/

Source: Full Court Buckets WNBA ownership dataset v3 (data through November 4, 2026), https://fullcourtbuckets.com/wnba/owners/

How this story was made: Full Court Buckets articles are written by Ryan Moalemi, sometimes with AI assistance, and every stat is checked against official WNBA box scores and the sources cited in the story. How we make Full Court Buckets