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The unknown Toronto company will be the team’s 14th group after the Golden State Valkyries.
Photo by Ethan Miller/Getty Images
Toronto will be selected for an expansion team that will start playing in 2026, according to the WNBA’s announcement on Thursday. The development news was first reported on May 10 by CBC Sports.
Larry Tanenbaum’s Kilmer Sports Ventures is committing$ 115 million for the franchise, which includes a$ 50 million expansion fee, plans to build a practice facility and other payments to the league, according to a person familiar with the deal.
Toronto does play its games at the 8, 700- chair Coca- Cola Coliseum, and will also perform find games in Montreal and Vancouver. Kilmer Sports Ventures, which was formed to regulate the crew, will develop the training facility.
Over the past two months, The W has hosted two museum game in Toronto and Edmonton. Cathy Engelbert, the WNBA director, said during her click meeting the group was ready to hold a preseason game in Toronto in 2020 but the epidemic curbed those programs.
The Toronto brand, the team’s 14th group, will be the first non- U. S. group in the WNBA. The Golden State Valkyries will commence play next year as the team’s 13th company. Engelbert stated to investigators that her purpose is to have 16 groups in the group during the WNBA document in April.
The$ 50 million expansion fee is the same amount the Golden State Warriors ‘ ownership group, led by Joe Lacob and Peter Guber, paid for the Valkyries.
With guidance from Scott Soshnick.
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