ATLANTA — The boards of governors from the WNBA and NBA have unanimously authorized the sale of the Atlanta Dream to an possession group headed by Larry Gottesdiener, chairman of actual property agency Northland Funding Company. The three-member investor group taking on the franchise contains Gottesdiener, former Dream star Renee Montgomery, and Northland president and chief working officer Suzanne Abair.
“With the unanimous WNBA and NBA votes, as we speak marks a brand new starting for the Atlanta Dream group and we’re more than happy to welcome Larry Gottesdiener and Suzanne Abair to the WNBA,” mentioned WNBA Commissioner Cathy Engelbert mentioned in a press release from the League on Friday.
“I like their ardour for girls’s basketball, however extra importantly, have been impressed with their values. I’m additionally thrilled that former WNBA star Renee Montgomery will likely be becoming a member of the possession group as an investor and govt for the group. Renee is a trailblazer who has made a significant impression each within the recreation and past,” Englebert added.
“It’s a privilege to hitch a group of inspiring ladies who attempt for excellence on the court docket and fairness off the court docket,” Gottesdiener mentioned. “I wish to categorical my gratitude to Commissioner Engelbert, Commissioner Silver, and the WNBA and NBA Boards of Governors for the chance.”
Two-time WNBA champion Montgomery would be the first former participant to develop into each an proprietor and govt of a WNBA group. Montgomery sat out the 2020 season to concentrate on social justice points and not too long ago introduced her retirement from the league after 11 seasons.
“My Dream has come true,” she mentioned in a press release. “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 group is a chance that I take very severely. I invite you to hitch me because the Dream builds momentum in Atlanta!”
The prior possession group, Dream Too, LLC., bought the group in 2011. Dream Too was owned by Mary Brock and former U.S. Sen. Kelly Loeffler.
RELATED: WNBA group proprietor and U.S. Sen. Kelly Loeffler upset with league’s plan to honor Black Lives Matter
Loeffler bumped into controversy with the group final yr, when she voiced her sturdy opposition to the group and league’s assist of the Black Lives Matter motion, saying the transfer was an instance of politics in sports activities and had no place within the league.
The Atlanta Dream was based in 2007 and has certified for the WNBA playoffs eight occasions, reaching the WNBA Finals thrice.
The group will play the 2021 WNBA season on the Gateway Middle Enviornment in School Park, a 3,500-seat area that the group will share with the developmental NBA G League’s School Park Skyhawks.