CHICAGO — News that the New York Liberty have a valuation of $450 million, a record for a women’s sports team, isn’t just cause for celebration.
It’s a warning shot.
The days of treating women’s teams like charity projects with owners thinking they can run their franchises on the cheap are over. You can either invest, like the Liberty’s Clara Wu Tsai and husband Joe Tsai have, or you’re going to get left behind.
That should have been clear after the Chicago Sky lost pretty much the entire 2021 championship team to free agency.