Archive · 18 Sep 2025
Connecticut Considers Pension Funds to Keep WNBA's Sun
Connecticut is thinking about using money from the state's pension fund to buy part of the Connecticut Sun, a WNBA team.
This is unusual because pension funds usually don't invest this way.
The state wants to keep the team from moving to Boston or Hartford, which other investors are considering.
Some people think this is a good idea, hoping it will bring money to the state, while others worry it's not the right way to invest retirement funds.
The WNBA might also buy the team and move it.
The state's leaders are deciding what's best for both the team and the people who depend on the pension fund.
Connecticut is considering using pension funds to invest in the WNBA's Sun team.
Governor Lamont supports the proposal, aiming to keep the team in the state.
The state's pension fund manages $63 billion in assets.
The team has received bids to relocate to Boston and Hartford.
The WNBA could buy the team, possibly relocating it to a different market.
- Who
- Connecticut officials, WNBA, potential investors
- What
- Considering a state pension fund investment to keep the Connecticut Sun WNBA team in the state.
- When
- Negotiations ongoing; discussions began earlier this year.
- Where
- Connecticut
- Why
- To prevent the team from relocating due to sale interest.
Pro Investment
Against Investment
Investment Strategy
Pro Investment
Some officials believe the investment is worth exploring.
Against Investment
Some lawmakers view it as an economic development gambit, questioning its impact on maximizing returns for state employees and retirees.
Financial Returns
Pro Investment
Advocates likely see potential financial benefits and the possibility of a good rate of return.
Against Investment
Critics worry the investment may not prioritize the financial security of retirees and state employees.
- Team
- Connecticut Sun
- Governor
- Ned Lamont
- State Treasurer
- Erick Russell
- Pension Fund Assets
- $63 billion
- Pension Liabilities Coverage
- 63.5% at end of 2024
- Potential Sale Price
- $325 million (Boston bid)