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

One of the W.N.B.A.’s unique franchises may 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 line with an individual briefed on the negotiations who was not approved to remark publicly.

The Madison Square Garden Company, which owns the Liberty in addition to the Knicks, the Rangers and Madison Square Garden itself, introduced 14 months in the past that it was in search of to promote the workforce. It mentioned the workforce had misplaced cash in every year of its existence, a deficit of greater than $100 million in complete. After taking part in its first 21 seasons on the Garden, the Liberty spent final season within the decidedly much less glamorous Westchester County Center in White Plains.

It just 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 May, and the workforce’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 Square Garden Company pointed to a press release it had given beforehand: “MSG is continuing to work closely with the W.N.B.A. to find the right steward for the team moving forward.”

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