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Serena Williams has officially become a part-owner of Toronto’s inaugural WNBA team.
Taking to social media to announce her new role, Williams i slated to join the Toronto Tempo ownership group just ahead of its first season. In her social media announcement, Williams can be seen bouncing a tennis ball that then morphs into an official WNBA basketball alongside text that reads, “New Court, New Game.” The 23-time Grand Slam winner said in statement, “This moment is not just about basketball; it is about showcasing the true value and potential of female athletes — I have always said that women’s sports are an incredible investment opportunity. I am excited to partner with Larry [Tanenbaum] and all of Canada in creating this new WNBA franchise and legacy.”
Toronto Tempo is primarily owned by Kilmer Sports Ventures, which is chaired by Larry Tanenbaum. Tanenbaum is the chairman of Maple Leaf Sports & Entertainment, which owns several sports franchises including the NBA’s Toronto Raptors, the NHL’s Toronto Maple Leafs and MLS’ Toronto FC. The team is expected to be led by Teresa Resch and are the 15th team in the WNBA. The Toronto Tempo are said to tip off their first season in 2026.
Tanenbaum said in his statement on Williams joining the ownership team, “Serena Williams is an icon, a role model and a force for change in the world. She’s earned every bit of her incredible success with hard work, tenacity and determination in the face of countless challenges. She exemplifies the very best of what the Tempo stand for — we couldn’t be more honored to have Serena in our court.” With Tempo, Williams expands her repertoire in sports ownerships. She currently has stakes in Miami Dolphins, Angel City FC and Los Angeles Golf Club.
New court, new game 🏀
We’re thrilled to announce that @SerenaWilliams – legendary tennispro – has joined the team as the newest owner of the Toronto Tempo. pic.twitter.com/kRPYNvdoya
— Toronto Tempo (@TempoBasketball) March 3, 2025
