NEW YORK — The WNBA is indeed in thrive mode.
League commissioner Cathy Engelbert announced on Thursday the closing on a new $75 million capital raise for the league. The investment into the league, which comes from outside parties and existing WNBA and NBA owners, marks the the largest-ever capital raise in any women’s league in the country.
“We are incredibly fortunate to be able to capitalize on the current momentum around women’s sports,” Engelbert said in a statement, “and are grateful to the investors who have chosen to support the WNBA in an unprecedented way and to our team governors who continue to invest in the players and teams.”
