New York Liberty owners sold shares of the WNBA team at what would be a record valuation of $450 million for a women's pro sports franchise, according to multiple reports.

The New York Liberty have raised capital at rate that sets a record valuation for a professional women's sports team.

The New York Liberty have raised capital from a group of investors at a record valuation for a professional women’s sports franchise of $450 million, sources with knowledge of the agreement told . The total size of the shares sold in the team’s capital raise is a percentage in the “mid-teens,