Peter Holt, the owner of the WNBA's San Antonio Stars, has reportedly agreed on a deal with a buyer that has plans to relocate the franchise to Las Vegas, according to a Thursday evening report from Michael C. Wright of ESPN.
On behalf of Spurs Sports & Entertainment ownership, management, and staff, we are all very thankful to the wonderful Stars fans, season ticket members and corporate partners who have supported the team over the last 15 years. A spokesman for Spurs Sports & Entertainment declined to comment on a pending Las Vegas move.
"The reason why the Spurs made that business decision is because within their organization and within San Antonio was not making an impact, so they made a decision in the best interest of the community", Nirenberg said. Mayor Ron Nirenberg said he doesn't believe the team is making the move to get an MLS team in place.
The San Antonio Express-News and the Associated Press reported the Stars' potential sale earlier.
San Antonio finished the 2017 season with the league's worst record at 8-26, marking the third consecutive season the Stars have posted the worst mark in the league.
Before coming to San Antonio, the Utah Starzz launched in the summer of 1997.
San Antonio's peak in the league was a trip to the 2008 WNBA Finals, where the Stars lost 3-0 to Detroit.
The final approval will have to come from the NBA and WNBA board of governors. They haven't had a winning season since 2012 and haven't reached the playoffs since 2014. The Oakland Raiders are moving to the location in the near future while Las Vegas is already home to the first-year Golden Knights of the NHL.
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