One of America's richest businessmen, Tilman Fertitta, is set to become the new owner of a WNBA team after agreeing to buy the Connecticut Sun for $300 million.
The deal, which still needs approval from the WNBA Board of Governors, includes plans to move the team to Houston in 2027 and rename it the Comets.
Fertitta, who already owns the Houston Rockets, has a real-time net worth of $11.1 billion, according to Forbes, making the $300 million purchase less than 3% of his total wealth.
He has built his wealth through restaurants, casinos, sports, and real estate, and is the Chairman and CEO of Landry's, a Texas-based restaurant and entertainment company.
The $300 million deal represents a significant increase from the initial offer of $250 million, which was the same amount paid by Cleveland, Detroit, and Philadelphia for expansion teams.
The Connecticut Sun had also received a higher offer of $325 million from a group led by Celtics minority owner Steve Pagliuca, but the WNBA blocked the deal, citing relocation decisions are made by the WNBA Board of Governors.
