The Seattle Storm has made history within the Women’s National Basketball Association through the successful sale of minority stakes, valuing the franchise at an unprecedented $151 million. The stakes were sold to 15 investors and will contribute to financing a groundbreaking $64 million, 50,000-square-foot practice facility and business office for the Storm. This development has been confirmed by the team’s owners, Ginny Gilder and Lisa Brummel.
The record valuation attests to the increasing investment and support for women’s basketball, particularly within the WNBA. As the Storm prepares to embark on this ambitious endeavor, the league’s growth and potential are becoming increasingly evident.
