Atlanta Dream get new owners after WNBA approves sale
(Reuters) – The Women’s National Basketball Association (WNBA) has approved the sale of Atlanta Dream to a new investor group on Friday, after a turbulent run with the team’s previous co-owner Kelly Loeffler.
Larry Gottesdiener, the chairman of real estate firm Northland, leads the three-member group that includes Northland President and COO Suzanne Abair and two-time WNBA champion Renee Montgomery, who will also serve as an executive.
“Today marks a new beginning for the Atlanta Dream organization,” WNBA Commissioner Cathy Engelbert said in a statement. “I admire (Gottesdiener and Abair’s) passion for women’s basketball, but more importantly, have been impressed with their values.
“I am also thrilled that former WNBA star Renee Montgomery will be joining the ownership group.”
The sale closes the chapter on months of acrimony between Dream players and Loeffler, a former senator and staunch supporter of former Republican U.S. President Donald Trump, who lost her seat in a Georgia runoff vote last month against Democratic challenger Raphael Warnock.
Loeffler criticised the league last year for supporting the Black Lives Matter movement, calling it “a very divisive organization based on Marxist principles,” prompting outcry from Dream players, who called for the team to be sold and campaigned for Warnock.
“We are proud of what we accomplished and wish the team well in their next chapter,” Loeffler and former co-owner Mary Brock said in a statement.
Montgomery, who opted out of the 2020 season to advocate for social justice and has since retired, is the first former player to become both a team owner and an executive, the league said.
“My Dream has come true,” Montgomery said. “Breaking barriers for minorities and women by being the first former WNBA player to have both a stake in ownership and a leadership role with the team is an opportunity that I take very seriously.”
(Reporting by Amy Tennery; Editing by Christian Radnedge)
More Top Stories
A Business Roundtable survey released Monday found that 98 percent of CEO members said proposed tax hikes would have a “significant adverse effect” on their …read more
Daunte Wright shooting: Brooklyn Center city manager fired after call for due process for police officer
‘Effective immediately our city manager has been relieved of his duties,’ Brooklyn Center mayor Mike Elliott saidread more
Reporters loudly objected to the use of the word “riot” by a Minnesota police chief after his officers were assaulted and injured by bricks, rocks, …read more
President Joe Biden’s administration has released nearly 42,000 border crossers into the United States interior since the former vice president took office on January 20, …read more
More than a million illegal aliens could arrive at the United States-Mexico border this year, according to projection analysis.read more
U.S. President Joe Biden told a meeting with executives from major companies to discuss the global chip shortage on Monday that he has bipartisan support …read more