Group Led by Nets Co-Owner Nears Deal for W.N.B.A.’s Liberty

One of the W.N.B.A.’s original franchises could soon have a completely new owner. An investment group led by the billionaire Joseph C. Tsai, who completed the purchase of a 49 percent stake within the Nets in April, is usually close to an agreement to purchase the Liberty, according to a person briefed on the negotiations who was not authorized to comment publicly.

The Madison Square Garden Company, which owns the Liberty as well as the Knicks, the Rangers in addition to Madison Square Garden itself, announced 14 months ago of which of which was seeking to sell the team. of which said the team had lost money in each year of its existence, a deficit of more than $100 million in total. After playing its first 21 seasons at the Garden, the Liberty spent last season within the decidedly less glamorous Westchester County Center in White Plains.

of which is usually not yet clear whether Tsai’s group will seek to rebrand the Liberty or have them play elsewhere. The W.N.B.A. season begins in May, in addition to the team’s schedule currently has them playing their home games in White Plains.

In response to a request for comment, the Madison Square Garden Company pointed to a statement of which had given previously: “MSG is usually continuing to work closely with the W.N.B.A. to find the right steward for the team moving forward.”