Posted Jul 11, 2024, 1:17 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,218
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https://www.bizjournals.com/houston/...on-comets.html
Quote:
Houston group seeks majority owner to lure WNBA expansion franchise
By Chandler France – Reporter, Houston Business Journal
Jun 11, 2024
A Houston group is seeking to bring a WNBA franchise back to the market and resurrect the city’s most successful professional sports team, the Houston Comets.
Space City Basketball Club has a plan in place to bring a WNBA franchise back to Houston, but it's missing one key piece: a majority owner. The organization, run by longtime building designer Sean Bolden and Crossover Athletics owner Tee Barefield, has “handshake agreements” with potential minority owners, private equity clients and developers to provide what the WNBA is looking for in terms of capital and infrastructure once that majority owner steps in.
“We’re at a point where we have all the infrastructure put together,” Bolden told the Houston Business Journal. “The only thing we don’t have is that majority owner.”
Houston was home to the Comets, one of the original WNBA franchises, from 1997 to 2008. The team won the first four WNBA Championships — the most titles of any professional sports team in Houston to this day. The team was dissolved in December 2008 after the league’s search for a new ownership group came up empty.
The efforts to bring a WNBA team back to Houston come as the league is fully in expansion mode. The league’s 13th franchise — the Golden State Valkyries — will begin play in 2025, and the WNBA in May awarded Toronto the 14th team, which will play its first season in 2026. That appears to be just the beginning for the league.
“Our plan and goal is to get to 16 teams in the next few years,” WNBA Commissioner Cathy Engelbert said at a press conference before the WNBA Draft in April.
Engelbert said she is confident that the league would be at 16 teams by 2028. With Toronto taking the 14th slot, that leaves two more openings for cities vying for a professional women’s basketball team — and the competition appears to be fierce. During the press conference, Engelbert said the league is taking calls from and engaging with places like Philadelphia, Portland, Denver, Nashville and South Florida.
Houston was notably absent from the list of cities Engelbert said the WNBA is engaging with. When asked if the league was interested in coming back to Houston and if it has received formal interest from any local groups, a WNBA spokesperson directed the HBJ back to Engelbert's previous comments.
While it's unclear where Houston stands regarding WNBA expansion, Space City Basketball Club believes the city needs to be included in the next round of expansion.
“The 15th team or the 16th team has to be us. We have to get in within this expansion period,” Bolden said. “We have the economy, we have the resources, we have the people, we have the corporations.”
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