Group Led by Nets Co-Owner Nears Deal for W.N.B.A.’s Liberty

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One of many W.N.B.A.’s authentic franchises might quickly have a brand new proprietor. An funding group led by the billionaire Joseph C. Tsai, who accomplished the acquisition of a 49 % stake within the Nets in April, is near an settlement to buy the Liberty, in keeping with an individual briefed on the negotiations who was not approved to remark publicly.

The Madison Sq. Backyard Firm, which owns the Liberty in addition to the Knicks, the Rangers and Madison Sq. Backyard itself, introduced 14 months in the past that it was looking for to promote the staff. It mentioned the staff had misplaced cash in every year of its existence, a deficit of greater than $100 million in whole. After taking part in its first 21 seasons on the Backyard, the Liberty spent final season within the decidedly much less glamorous Westchester County Heart in White Plains.

It isn’t but clear whether or not Tsai’s group will search to rebrand the Liberty or have them play elsewhere. The W.N.B.A. season begins in Could, and the staff’s schedule at present has them taking part in their house video games in White Plains.

In response to a request for remark, the Madison Sq. Backyard Firm pointed to a press release it had given beforehand: “MSG is continuous to work carefully with the W.N.B.A. to search out the best steward for the staff transferring ahead.”

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