In a extremely anticipated transfer, the WNBA’s Atlanta Dream — co-owned by former U.S. Senator Kelly Loeffler — have been bought to an investor group following the backlash from Loeffler’s feedback previous to January’s run-off election.
Loeffler, who held a 49 % stake within the Dream, and co-owner Mary Brock will each promote their shares after the deal was unanimously authorised by each the WNBA and NBA Board of Governers.
The Dream’s new investor group can be comprised of three members: lead proprietor Larry Gottesdiener; Suzanna Abair, president of Gottesdiener’s Northland Funding Corp.; and former WNBA star Renee Montgomery.
Montgomery, an 11-year veteran, performed for the Dream in her final two seasons (she would sit out the 2020 season to deal with off-court initiatives just like the Black Lives Matter motion) earlier than saying her retirement on Feb. 9. In direct distinction, Loeffler would write a letter to WNBA commissioner Cathy Engelbert criticizing the league’s help of Black Lives Matter Motion; the rationale for the mounting stress for her to promote her stake within the crew
Upon retiring, Montgomery would reveal her deep-seeded affinity for Atlanta, saying:
“I purchased a house in Georgia 9 years in the past and I retired as a member of the Atlanta Dream… I’ve at all times identified I needed to be right here and now I really feel intertwined within the Atlanta material and tradition. Blessed to name this dwelling. True to Atlanta.”
Montgomery turns into the primary former participant to grow to be each an govt and an proprietor of a WNBA crew.
Per an official press launch from the WNBA, Montgomery would launch a press release following Friday’s announcement:
“My Dream has come true,” stated Renee Montgomery. “Breaking obstacles for minorities and ladies by being the primary former WNBA participant to have each a stake in possession and a management function with the crew is a chance that I take very critically. I invite you to affix me because the Dream builds momentum in Atlanta!”
Englebert made a press release as properly, saying “with the unanimous WNBA and NBA votes, right this moment marks a brand new starting for the Atlanta Dream group… I love their ardour for ladies’s basketball, however extra importantly, have been impressed with their values.
I’m additionally thrilled that former WNBA star Renee Montgomery can be becoming a member of the possession group as an investor and govt for the crew. Renee is a trailblazer who has made a serious impression each within the recreation and past.”
A gracious Gottesdiener would add that “it’s a privilege to affix a crew of inspiring ladies who try for excellence on the courtroom and fairness off the courtroom… I wish to specific my gratitude to Commissioner Engelbert, Commissioner Silver, and the WNBA and NBA Boards of Governors for the chance.”