Story perspectives

Connecticut Weighs Public Pension Investment in WNBA Team

9/18/2025

Summary

Story summary

Connecticut officials seek transparency on using public pension funds for investing in the Connecticut Sun.
Governor Ned Lamont backs a proposal for the state pension system to acquire a minority stake in the team, a rare move for public funds.
Concerns about risks to pension funds lead state representatives to question the investment's motivations.
The WNBA has made a $250 million offer to buy the team, allowing for relocation, while Connecticut aims to keep it in-state.
The sale of the Sun remains unresolved amid competing bids and ongoing negotiations.

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Story summary

Connecticut officials seek transparency on using public pension funds for investing in the Connecticut Sun.
Governor Ned Lamont backs a proposal for the state pension system to acquire a minority stake in the team, a rare move for public funds.
Concerns about risks to pension funds lead state representatives to question the investment's motivations.
The WNBA has made a $250 million offer to buy the team, allowing for relocation, while Connecticut aims to keep it in-state.
The sale of the Sun remains unresolved amid competing bids and ongoing negotiations.