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Forbes: The WNBA’s Most Valuable Teams 2025

Posted on 6/6/25 at 8:31 pm
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
85487 posts
Posted on 6/6/25 at 8:31 pm


quote:

It’s much bigger than Caitlin Clark—optimism around the league’s future has sent franchise values skyrocketing, to an average of $272 million, ahead of a critical club sale.



quote:

Over the last two years, the WNBA’s business has soared above the rim, with league-wide attendance reaching 2.4 million during the 2024 regular season—up 48% year-over-year—and more than 54 million unique viewers tuning in to national telecasts. Still, beyond a handful of transactions involving tiny slivers of teams, there hasn’t been much data to suggest how the momentum is translating to franchise valuations.

That is about to change. The New York Liberty recently sold a significant minority share—a percentage in the “mid-teens,” according to a person with knowledge of the deal—at a $450 million valuation, and the Connecticut Sun are currently on the market, seeking either a new limited partner or a control sale.

For now, some investment bankers around the sport believe that the economics of the Sun—and other teams near the bottom of the WNBA’s financial leaderboard—don’t justify even a $100 million price tag. But with demand from would-be owners far outstripping supply in the 13-team league, many WNBA insiders believe the cost to acquire Connecticut could approach Cleveland’s ongoing bid for an expansion franchise, believed to be roughly $250 million.

In recognition of that scarcity value, and of future league-wide growth, Forbes pegs the Sun at $200 million this year in its first-ever ranking of the WNBA’s most valuable teams. The Atlanta Dream, just behind the Sun, set the league’s floor at $190 million, and the average for the WNBA’s existing 12 teams sits at $272 million. (Forbes did not value the Golden State Valkyries, who are three weeks into their inaugural season.)


quote:

The new WNBA team values may look like overpays given the current state of the league. Consider that the $272 million average valuation from Forbes’ list is 14.4 times average revenue—far exceeding the multiple in the National Women’s Soccer League (8.8x) as well as in men’s leagues including the NBA (11.7x), MLS (9.3x) and the NFL (9x).

These prices, however, don’t reflect the WNBA as it exists today. Rather, they are bets on the potential of the league, and an expectation that it is reaching a tipping point.



LINK
Posted by Sun God
Member since Jul 2009
47009 posts
Posted on 6/6/25 at 8:34 pm to
quote:

to an average of $272 million


Posted by JerryTheKingBawler
South of Memphis
Member since Jan 2023
5537 posts
Posted on 6/6/25 at 8:38 pm to
Of course it’s your reigning defending undisputed WNBA champions of the world the New York Liberty leading the way.
Posted by TackySweater
Member since Dec 2020
20937 posts
Posted on 6/6/25 at 8:44 pm to
quote:

It’s much bigger than Caitlin Clark

Posted by mizzoubuckeyeiowa
Member since Nov 2015
38151 posts
Posted on 6/6/25 at 8:45 pm to
Okay....take away the #2 team and the Player, like she didn't exist and then reevaluate the League....

Might go something like The Onion....

quote:

MINNEAPOLIS—According to a report by Forbes magazine, the Minnesota Lynx are easily the WNBA’s richest franchise, boasting an estimated enterprise value of nearly four dollars. “With merchandise revenue at 29 cents and season ticket sales topping a dollar for the first time in history, the Minnesota Lynx are a financial powerhouse in the WNBA,” wrote Forbes editor Mark Furlow, who also cited a diet soda a fan bought for $1.25 in September as a major reason for the team’s record-breaking profits.


But...but...yeah, where were these "team" valuations before CC?
Posted by ctiger69
Member since May 2005
30887 posts
Posted on 6/6/25 at 9:08 pm to
A league that has never turned a yearly profit in it’s existence is worth nothing.
Posted by RemouladeSawce
Uranus
Member since Sep 2008
15604 posts
Posted on 6/6/25 at 9:25 pm to
No one is making these investments to make money. These are philanthropic investments in the name of women’s sports that get super wealthy people goodwill and entail capital losses offsetting future tax burdens

Once you realize this it all makes sense
Posted by idlewatcher
Planet Arium
Member since Jan 2012
87206 posts
Posted on 6/6/25 at 9:51 pm to
Take away the NBA subsidies and they would be worth $10
Posted by RelicBatches86
Florida
Member since Nov 2024
452 posts
Posted on 6/6/25 at 11:27 pm to

Women's sports is on the rise.

WNBA was consistently getting popular and higher ratings than the NHL before Clark entered the league.

Women's soccer teams are now valued at near $300 million

Does Catlin get the credit for that as well?
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
42071 posts
Posted on 6/6/25 at 11:55 pm to
No one in the WNBA makes money
Posted by StansberryRules
Member since Aug 2024
2942 posts
Posted on 6/7/25 at 12:11 am to
Reminds me of these tech startups that have valuations by financial gurus in the billions and then quietly go bankrupt a year later.

These numbers are completely made up.
Posted by navy
Parts Unknown, LA
Member since Sep 2010
30350 posts
Posted on 6/7/25 at 12:15 am to
WNBA is the USPS of sports.

DWI.
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
35818 posts
Posted on 6/7/25 at 2:42 am to
Lol she finished 2nd again. Poor CC
Posted by Stamps74
Member since Nov 2017
1152 posts
Posted on 6/7/25 at 4:34 am to
How are the sparks 8th? Even if the amounts are made up, that location has to be worth more.
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
18424 posts
Posted on 6/7/25 at 6:56 am to
quote:

No one is making these investments to make money. These are philanthropic investments in the name of women’s sports that get super wealthy people goodwill and entail capital losses offsetting future tax burdens

As a wise man (I think it was a man) said on the twitter: the WNBA is a charity for lesbians.

Would love to see the calculations behind these valuations. I don't think any of these teams have ever turned a profit, and the league doesn't exist without the NBA subsidy. I get trying to pump it up and bring some optimism and energy to the sport, but these valuations are Henry Blodgett level pure fantasy.
Posted by Scruffy
Kansas City
Member since Jul 2011
75172 posts
Posted on 6/7/25 at 7:01 am to
quote:

Would love to see the calculations behind these valuations. I don't think any of these teams have ever turned a profit, and the league doesn't exist without the NBA subsidy. I get trying to pump it up and bring some optimism and energy to the sport, but these valuations are Henry Blodgett level pure fantasy.
I am not disagreeing with all of that, but the WNBA has undeniably become more mainstream.

Now, this is likely through forced presentation on ESPN and other channels, but even this board is now inundated with it.

There have been more WNBA threads on this board over the last year or two than I have seen in the decade prior.

A lot of it is complaining, but that itself drives views and results in even more publicity, which subsequently results in higher valuation.

Why people on here care so much about a league they don’t watch is beyond me.
This post was edited on 6/7/25 at 7:02 am
Posted by diat150
Louisiana
Member since Jun 2005
46207 posts
Posted on 6/7/25 at 7:23 am to
Wow I remember when nfl teams were worth that much
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
18424 posts
Posted on 6/7/25 at 7:25 am to
I don't really disagree with you, there's clearly buzz about the league. My point is really that the Forbes article is silly simply because of the valuation angle.
Posted by TackySweater
Member since Dec 2020
20937 posts
Posted on 6/7/25 at 7:32 am to
quote:

Lol she finished 2nd again. Poor CC

She finishes first in a lot too.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
13953 posts
Posted on 6/7/25 at 7:38 am to
I wonder how much of the value is attached to the funding levels from the nba?
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