• Loading stock data...
Thursday, April 9, 2026

Fertittas to Purchase Connecticut Sun for Record $300 Million

Roughly a year after the Mohegan Tribe officially put the Sun on the market, the Rockets owners are purchasing the team.

Aug 27, 2025; Arlington, Texas, USA; Connecticut Sun forward Aneesah Morrow (24) grabs a rebound against the Dallas Wings during the first half at College Park Center.
Jerome Miron-Imagn Images

The WNBA is returning to Houston. 

Roughly a year after the Mohegan Tribe officially put the Connecticut Sun on the market, the Fertitta family—who owns the Houston Rockets—are purchasing the team for $300 million, sources privy to the deal confirmed to Front Office Sports. The Sun will play the 2026 season in Connecticut before relocating to Houston where they are expected to be renamed the Comets, after the league’s original dynasty team. 

The sale was first reported by Paper City Magazine.

Tilman Fertitta, who has a net worth of more than $12 billion, according to Bloomberg, is also the U.S. ambassador to Italy.

An announcement of the sale—which comes at a record-breaking price for a WNBA team—is expected on Monday, according to sources. 

Before the Sun formally went up for sale last spring, discussions were happening within the league about facilitating a deal between the Cleveland ownership group and the Tribe. This would have allowed Houston to be granted an expansion franchise. Ultimately, the Tribe took the sale to market after being advised they would receive higher offers. As a result, the Cleveland group—led by Dan Gilbert’s Rocket Entertainment Group—were granted an expansion franchise that will begin play in 2028. 

The WNBA capped its last round of expansion at three teams—awarding Detroit and Philadelphia a team in addition to Cleveland—leaving Houston on the outside looking in. At the time of the expansion announcement last June, commissioner Cathy Engelbert assured “Houston would be up next, for sure” when asked about a timeline for evaluating bids in the future. 

Ultimately, the Sun fielded two offers valued at $325 million, first from a Boston group led by Celtics minority owner Steve Pagliuca and another from former Milwaukee Bucks owner Marc Lasry. The latter offer proposed moving the team to Hartford, Conn. The WNBA stamped out both, emphasizing only the league—not individual teams—can make relocation decisions. 

Sale discussions outwardly appeared to quiet into the fall, but behind the scenes talks continued between the Fertittas and the Tribe. 

The Mohegan Tribe became the first Native American tribe to own a professional sports team when they bought the Orlando Miracle in 2003 and relocated the team to Connecticut. 

The WNBA launched in 1997 with eight teams, one of them being the Comets who went on to win the league’s first four titles. The team folded in 2008 amid a slew of teams ceasing operations due to financial strain in rapid succession. Between 2002 and 2009 five other franchises in addition to the Comets folded: the Charlotte Sting, Cleveland Rockers, Sacramento Monarchs, Miami Sol, and Portland Fire.

By 2028 the Fire, Comets, and potentially the Rockers—if the Cleveland group opts to bring back the team’s old name—will all be restored in the WNBA. 

This field is for validation purposes and should be left unchanged.

Sign up for the
Asset Class Newsletter

Get the latest in sports finance, investment, and transaction activity, straight to your inbox once a week.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 29, 2026; Washington, DC, USA; UConn Huskies guard Braylon Mullins (24) celebrates after making the game-winning three-point basket against the Duke Blue Devils in the second half during an Elite Eight game of the East Regional of the men's 2026 NCAA Tournament at Capital One Arena

Braylon Mullins Waiting to Cash In On Game-Winning Shot

Mullins is holding off on NIL opportunities until the Huskies’ season ends.

Caleb Williams’s Investment Playbook: ‘No Vices’

The Bears QB has put money into sports, tech, and wellness startups.
Oct 4, 2025; Spokane, WA, USA; ESPN college basketball analyst Sean Farnham emcees during Numerica Kraziness in the Kennel at the McCarthey Athletic Center

ESPN Making Wooden Award Ceremony More Like Heisman

This year’s award winner will be revealed live in Los Angeles.
Mar 30, 2026; Dallas, Texas, USA; Minnesota Timberwolves guard Anthony Edwards (5) looks on during the second half against the Dallas Mavericks at the American Airlines Center.

Cunningham, Edwards Out of NBA Season Awards Due to 65-Game Rule

Luka Dončić was injured Thursday after playing his 64th game.

Featured Today

‘The Sonics Never Died’: The Long Afterlife of Seattle NBA Merch

Inside “the largest team shop for a team that doesn’t exist.” 
Mar 27, 2026; Washington, DC, USA;UConn Huskies forward Tarris Reed Jr. (5) dunks the ball against the Michigan State Spartans in the second half during a Sweet Sixteen game of the East Regional of the men's 2026 NCAA Tournament at Capital One Arena
March 28, 2026

March Madness Coaches Debate ‘Blueblood’ in NIL Era

The term’s meaning was up for debate at men’s March Madness.
Maxime Vachier Lagrave
March 25, 2026

The Planet’s Best Chess Players Are Having Their LIV Golf Moment

Chess’s most prestigious tournament is battling a splashy Saudi event.
Beau Brune/LSU
March 22, 2026

College Athletic Departments Are Becoming Media Companies

“There’s only so many tickets you can sell, but content is infinite.”
Aug 27, 2025; Arlington, Texas, USA; Dallas Wings guard Arike Ogunbowale (24) looks on from the team bench during the first half against the Connecticut Sun at College Park Center.

Will a Star Get Picked in the WNBA Expansion Draft?

The Fire and Tempo have just five weeks to assemble their teams.
Construction on the Northwest corner of EverBank Stadium continues with construction during a press conference at the Miller Electric Center, Wednesday, Jan. 14, 2026, in Jacksonville, Fla.
April 1, 2026

Jags to Play 2027 Season in Orlando While Stadium Work Continues

The NFL team completed the long-expected deal for the temporary relocation.
April 1, 2026

Goodell: Tisch Is No Longer Giants Owner, No Policy Violation

The commissioner says the league has “not found anything that’s a violation.”
Sponsored

Baseball Is Back: MLB Opening Day Prices Soar

MLB Opening Day ticket prices are at record highs. TickPick data breaks down demand, pricing trends, and where fans are paying the most.
March 31, 2026

Bulls Players, Coaches Say Jaden Ivey Needs Help

Chicago cut Ivey on Monday for “conduct detrimental to the team.”
March 31, 2026

Steelers Waiting on Aaron Rodgers (Again)—With Higher Stakes

The NFL team again waits on a decision from the mercurial veteran.
March 31, 2026

Chiefs Owner: Opener ‘Not on Table’ With Mahomes Status Unclear

Team owner Clark Hunt discusses Patrick Mahomes, TV, and the new stadium.
March 30, 2026

Bulls Waive Jaden Ivey After Anti-LGBTQ Rants

Ivey was acquired by the Bulls last month before the trade deadline.