It is over for the WNBA Sacramento Monarchs. The WNBA team has folded and looking for a new home:
“The Sacramento Monarchs folded on Friday, and an Oakland councilwoman said talks are under way with WNBA officials to relocate the team to Oracle Arena.
The decision was a shocking and disappointing development for the WNBA and one of its original eight franchises and largely based on the Maloof family’s desire to focus all its energy and efforts on the NBA’s Sacramento Kings. Maloof Sports & Entertainment had owned both teams.”
link: WNBA’s Sacramento Monarchs fold
It is a poor time to find investors. In the midst of an economic recovery, there is risk in relocating a professional basketball team and time is a factor to be prepared for the coming season.
Catherine Forsythe
[Photo by Jed Jacobsohn/Getty Images]
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