Connecticut Eyes Pension Fund to Keep Its WNBA Team in State (1)

Connecticut is considering offering up public pension funds to keep the WNBA’s Sun team in the state.

Governor Ned Lamont is backing a proposal for the state pension system, which manages $63 billion in assets, to buy a minority stake in the franchise. Such a move is rare for a public fund.

“We’re still in the middle of these negotiations right now,” Lamont said last week in a press conference on pension fund performance. “We have a very competitive bid out there for the Connecticut Sun. I think they belong in Connecticut.”

Tina Charles, #31 of the Connecticut Sun, reacts during the first half of a WNBA basketball game at Mohegan Sun Arena in Uncasville, Connecticut.

Photographer: Joe Buglewicz/Getty Images

Lamont declined to confirm how large a ...