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Greg Bibb, the Wings' CEO and part-owner, sold
the 1 percent stake to businessmen Jed Kaplan and Randy Eisenman.
In June, Sportico valued the Wings at $75 million, the
11th-highest total in the WNBA. The defending champion Las Vegas
Aces were the No. 1 team at $140 million.
The Wings are 6-19 this year, tied with the Washington Mystics.
"I would say the value of anything is what the market's willing
to pay," Bibb told Sports Business Journal. "I can make a
compelling case for why that $208 million number is
justifiable."
Kaplan is a minority owner of the Memphis Grizzlies of the NBA,
and Eisenman founded a local hedge fund.
Their investment reportedly comes amid an off-court surge for
the Wings, including a presumptive new TV contract and getting
the franchise a $19 million incentive from the city of Dallas to
move in 2026 from their current arena -- College Park Center at
the University of Texas at Arlington -- to a refurbished
Memorial Coliseum in downtown Dallas.
The Coliseum has a seating capacity of 8,500 compared with
College Park Center at just over 6,000.
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