June 13, 2026 15:38

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How Joe Lacob's $50 Million Bet Changed the WNBA Forever

Atlanta, sports, business, investment, San Joaquin County, Fulton County, Money

The Valkyries' arrival, backed by Joe Lacob's $50 million investment, has set a new standard for WNBA expansion teams by prioritizing state-of-the-art facilities and player experience. - The Valkyries renovated a dedicated practice facility at the Oakland Marriott for $1.45 million before building their first roster.

- They created a specialized locker room and campus at Chase Center, a $1-billion-plus arena, before any player signed. - Other expansion teams like Portland Fire and Toronto Tempo are now developing similar facilities worth over $100 million.

- This contrasts with the 2008 Atlanta Dream expansion, when the league was struggling with team closures. The investment reflects a shift in ownership expectations, with experts suggesting the WNBA was too slow to expand and is now capitalizing on untapped fan bases.

This story was originally reported by sfstandard. Read the original article here.

Summarized by CaliforniaToday AI.

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AtlantasportsbusinessinvestmentSan Joaquin CountyFulton CountyMoney
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