How Do You Start A WNBA Franchise?
The WNBA was created in 1996 by the National Basketball Association (NBA), based on the popularity of woman’s basketball following the 1992 Olympic Games. The WNBA’s 13 teams have struggled to turn their top-flight talent and support from the NBA into popularity among basketball fans. The Los Angeles Sparks and the New York Liberty may have created dynasties during the league’s early years, but a number of franchises have collapsed in the past. Your WNBA franchise must learn from the lessons of the Portland Fire, Miami Sol and other defunct teams as you lobby for inclusion in the league. Apply for a WNBA Franchise Step 1 Gather local investors and venture capitalists. The purpose of this group is to assemble the money needed to start a WNBA franchise. Venture capital firms like AustinVentures coupled with women’s basketball fans with disposable income can help you reach your $10 million franchise fee. Your franchise will get off to a better start by exceeding $10 million in initial inv
