Billionaire Tanenbaum Seizes WNBA Deal His Partners Turned Down [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The WNBA awarded Toronto its first-ever franchise outside the US, linking up with a sports and real estate billionaire as the flourishing league pushes to build an audience in Canada and abroad. Kilmer Sports Ventures, a firm controlled by Canadian mogul Larry Tanenbaum, will invest $115 million to bring the WNBA to Toronto, a figure that includes the $50 million league expansion fee, according to a person familiar with the matter. The new team will begin playing in the 2026 season as the league's 14th franchise. Article content Article content The move into Canada marks another milestone for the leading women's basketball league, which has finally started seeing the mainstream buzz its players and team owners have long hoped for. Games are getting more prominent television slots and stars like Caitlin Clark, an Indiana Fever rookie who broke sc
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