Liberty stake sold at record $450m team valuation
New funds will help build Liberty’s Brooklyn facility
Latest sign of surging value in women’s pro sports

New York Liberty owners sold shares in the WNBA team at what would be a record valuation of $450m for a women’s pro sports franchise, the Athletic reported Thursday.

The capital raised from the sale, which represent a percentage share in the “mid-teens”, is believed to be earmarked toward construction of a practice facility in Brooklyn, per the report.