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Reports: Liberty sell stake at record valuation

created: May 22, 2025, 5 p.m. | updated: May 22, 2025, 9:33 p.m.

Open Extended ReactionsNew York Liberty owners sold shares in the WNBA team at a record valuation of $450 million for a women's pro sports franchise, according to multiple reports Thursday. The capital raised from the sale, which represent a percentage share in the "mid-teens," is believed to be earmarked toward construction of a practice facility in Brooklyn, per the reports. Earlier this month, Alexis Ohanian bought a $26.5 million stake in Chelsea of the Women's Super League in England. The Liberty are owned by Clara Wu Tsai and her husband, Joe Tsai, who also co-own the Brooklyn Nets. In March, the team announced plans to build a 75,000-square-foot practice facility for the Liberty, who won their first WNBA title last season.

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