Basketball

Inside the rising trend of athletes and celebrities buying ownership stakes in sports teams


Renee Montgomery’s basketball resume includes a couple of WNBA championships, an All-Star Game appearance and a Sixth Woman of the Year award.

It now also includes co-ownership of the league’s Atlanta Dream. She bought into the team as a limited partner earlier this year in a deal that made headlines because the new ownership group replaced Kelly Loeffler, the former Republican U.S. senator who was vocal in her opposition to the WNBA’s anti-racism efforts.

Montgomery, 34, now helps run the Dream as vice president. She is part of a wave of current and former athletes, along with a batch of celebrities, buying ownership shares of sports teams.

Why is this a trend?

Motivations vary and often are myriad.





READ NEWS SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.