$2M Cash Injection Sends WNBA's Worst Team To League-Leading Valuation
The WNBA’s worst team may be, at least temporarily, its most valuable.
The Dallas Wings, tied for last in the league at 6–19, are now valued at $208 million after two investors bought a 1% stake in the team at $2.08 million. That surpasses every team’s listed value from Sportico’s published estimates earlier this year.
Greg Bibb, the team’s CEO and part-owner, sold the stake to Jed Kaplan and Randy Eisenman.
“I would say the value of anything is what the market’s willing to pay,” Bibb told Sports Business Journal. “I can make a compelling case for why that $208 million number is justifiable.”
Kaplan is no stranger to basketball, as he is a minority owner of the Memphis Grizzlies and previously owned the Erie BayHawks and Iowa Energy in the NBA’s G League. Eisenman founded a local hedge fund.
https://frontofficesports.com/wnba-dallas-wings-200-million-valuation/