The Atlanta Dream, the WNBA team previously co-owned by former US Sen. Kelly Loeffler, has been sold.
The sale of the team to Larry Gottesdiener, chairman of the national real estate firm Northland, was unanimously approved by the WNBA and the NBA Board of Governors.
According to a statement Friday, the new ownership group will also include Northland’s Chief Operating Officer Suzanne Abair and former Dream player Renee Montgomery — making her the first former player to become an owner and executive of a WNBA team.
“With the unanimous WNBA and NBA votes, today marks a new beginning for the Atlanta Dream organization and we are very pleased to welcome Larry Gottesdiener and Suzanne Abair to the WNBA,” WNBA Commissioner Cathy Engelbert said in a statement.
“I admire their passion for women’s basketball, but more importantly, have been impressed with their values,” Engelbert said. “I am also thrilled that former WNBA star Renee Montgomery will be joining the ownership group as an investor and executive for the team. Renee is a trailblazer who has made a major impact both in the game and beyond.”
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