I had heard the reporting of losses is because the NBA owners are taking an enormous cut of all profits by claiming it is for repayment of past loans. or that the W's own share of their profits is only around 20%, so that's what the calculations are based on. any truth to those?
The NBA is an owners of the WNBA. It doesn't subsidize or loan money to the WNBA. It is supposed to just invest in the league. But their choice of words tells very much how they think about the WNBA. Beyond that point... I have heard similar stories but I have not seen this sort of stuff substantiated.
I'm curious: did the recent (incredibly undervalued) capital raise change the balance of voting power at all? Or does the stake they sold off exist outside of the decision making structure?
I had heard the reporting of losses is because the NBA owners are taking an enormous cut of all profits by claiming it is for repayment of past loans. or that the W's own share of their profits is only around 20%, so that's what the calculations are based on. any truth to those?
The NBA is an owners of the WNBA. It doesn't subsidize or loan money to the WNBA. It is supposed to just invest in the league. But their choice of words tells very much how they think about the WNBA. Beyond that point... I have heard similar stories but I have not seen this sort of stuff substantiated.
I'm curious: did the recent (incredibly undervalued) capital raise change the balance of voting power at all? Or does the stake they sold off exist outside of the decision making structure?
From what I understand, the NBA is still calling all the shots in the WNBA. Even after the capital raise (which as you note, was very undervalued!).