Good morning, Broadsheet readers! Victoria's Secret ditches its rebrand, Sen. Laphonza Butler won't run for a full term, and New York Liberty owner Clara Wu Tsai invested big in the WNBA team—and is now reaping the rewards. Have a relaxing weekend.
- Slam dunk. When Clara Wu Tsai and her husband Joe Tsai bought the New York Liberty in 2019 for an undisclosed sum, the team was at a low point. Under previous owner James Dolan, it had been moved out of New York City to Westchester County. This week, Wu Tsai watched the Liberty make it all the way to the WNBA Finals before losing 70-69 to the Las Vegas Aces in a must-win game at Brooklyn's Barclays Center on Wednesday night.
"I'm obviously disappointed," Wu Tsai, who serves as the team's governor, said of the loss by phone on Thursday. "But I couldn't be happier with the team, how far we've come in one year, and what we've done for the league."
