The WNBA has suffered a $40 million loss this season despite Caitlin Clark’s presence as a superstar player.
According to a report by the New York Post, league investors, who are NBA team owners, are not pleased with the financial situation.
Since its establishment in 1996, NBA owners have been responsible for hundreds of millions of dollars in funding the women’s league.
Despite the $40 million loss, it is an improvement from the initial $50 million deficit projected for this season.
In the upcoming years, the WNBA is set to receive up to $2.2 billion from the new basketball media contracts starting in 2026.
To boost revenue, the league plans to introduce more regular season and playoff games in the future.
An NBA team executive expressed that it will take years before the WNBA sees any significant financial gains.
Some NBA owners, like James Dolan of the New York Knicks, have urged commissioner Adam Silver for more transparency regarding the WNBA’s financial status.
Despite the pressure, Silver continues to show strong support for the WNBA.
