Atlanta Dream close to being sold, taking Loeffler out of WNBA

Kelly Loeffler
Posted at 10:10 AM, Jan 20, 2021

The Atlanta Dream are close to being sold, ending defeated Sen. Kelly Loeffler's contentious stint as a WNBA owner.

The league said in a statement that a sale of the franchise was close to being finalized.

Players around the league have called for Loeffler to sell her 49% stake in the Dream after she wrote a letter to WNBA Commissioner Cathy Engelbert over the summer objecting to the league’s initiatives to advocate for racial justice and the Black Lives Matter movement.

Dream players released a unified signed statement last summer, over Loeffler's objections, saying the team supports the Black Lives Matter movement.

The Atlanta Constitution newspaper reports the Dream have lost $2 million each of the past two years.

Loeffler is a Republican who was appointed to her Georgia Senate seat by President Donald Trump. She lost a runoff election to Democrat Raphael Warnock.