WNBA Expands Beyond US Borders as Larry Tanenbaum-led Group Invests $50 Million for Toronto Franchise

Toronto has been awarded the WNBA's first franchise outside the United States, with the expansion team set to begin play in 2026. The team is owned by Larry Tanenbaum-led Kilmer Sports Ventures, who paid $50 million for the franchise rights. The team will play home games at the Coca-Cola Coliseum arena in Toronto, with the potential to also play some games at the larger Scotiabank Arena. WNBA Commissioner Cathy Engelbert views the Toronto franchise as a chance for international growth and global partnerships. At the same time, Toronto sports owner Larry Tanenbaum expects the WNBA team to thrive like other local franchises.