Peter Holt, the owner of the WNBA’s San Antonio Stars, has reportedly agreed on a deal with a buyer that has plans to relocate the franchise to Las Vegas, according to a Thursday evening report from Michael C. Wright of ESPN. The only thing left for the sale and relocation to be a go is a final approval from both the WNBA and NBA.
As a result, Wright noted that the deal has “been in the works for some time.”
The franchise, originally founded in 1997, began in Salt Lake City when the Stars were nicknamed the “Starzz.” The relocation didn’t come until 2003, however. The Stars are currently owned by the aforementioned Holt, who also owns Spurs Sports & Entertainment. The company sent a thank you to fans, stating, “This was an extremely difficult decision as all of us at SS&E are proud of what the Stars accomplished on the court and in the community.”
The Stars made a trip to the WNBA Finals in 2008 before losing to Detroit. It’s been a trudge ever since, with the last winning record coming in 2012 and the organization off a last-place finish to the tune of 8-26. After picking up Kelsey Plum with the No. 1 pick in the 2017 WNBA Draft, the club has the best lottery odds for 2018.
Las Vegas is already a hot spot for sports franchises around the landscape, especially over recent memory. The Oakland Raiders are moving to the location in the near future while Las Vegas is already home to the first-year Golden Knights of the NHL.