Ownership shifts reshape iconic sports teams as pro leagues expand and valuations surge in 2025

Two of the NBA’s most decorated franchises changed ownership this year.

The WNBA’s growing popularity has fueled plans for multiple expansion teams in the coming years.

Hurricane Milton severely damaged Tropicana Field, which forced the Rays to play home games at George M. Steinbrenner Field — the spring training home of the New York Yankees — in 2025 before new ownership clarified the team’s future.

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