Connecticut Suns president Jennifer Rizzotti said Tuesday that the team's ownership group "explores all options to invest strategically in the team, including potential sales.

The news was first reported by Sportico on Monday, which said the franchise hired investment bank Allen & Co. conduct the investigation and “the expectation is to control sales, possibly the relocation of the franchise.”

The Sun has performed in Uncasville, Connecticut, since Mohegan Tribe bought the franchise for $10 million in 2003 and relocated the team from Orlando, Florida.

Mohegan is the first non-NBA owner of the WNBA team, and the series became the first person to make money in the league.

The WNBA has not moved since 2017, when the San Antonio star moved to Las Vegas under new ownership and became ACES.

In a statement provided to ESPN, Mohegan leadership said: "As an organization, Mohegan is consistently evaluating strategic options, investments and capital expenditures. The CT Sun has had monthunner changes over the past 18 months and Mohegan is very proud of the success, increased interest and what remains to be such incredible community impact off the court as well. The WNBA overall has also seen immense growth in viewership and interest. These are fantastic trends for what is an amazing sport, with extremely dedicated and talented women.

“Mohegan remains committed to the team’s continued success, which includes finding all strategic options for the best interests of CT Sun, MTGA and WNBA.”

Rizzotti called Mohegan’s decision a “responsible business owner” move “more to consistently evaluate all of their businesses, Connecticut’s Sun is one of them.”

The Suns added that there was no decision making, nor a timeline for a decision, “besides they want to make sure they do the best things for the organization and the WNBA.”

Rizzotti confirmed “all options,” including selling minority stakes on the team like Seattle Storm, and recently raised funds to raise funds to help their new practice facility stay on the table. Other possibilities include franchise sales, where the team remains in the same city or state, similar to the 2021 Atlanta Dream.

When asked if Mohegan can still support WNBA contenders, Rizzotti said yes.

“I’ve been here for four years. I think the tribe can support everything they want, no matter what decisions they make,” she said. “They did all the work in the first class. They pride themselves on the right way with the guest experience and attention to detail and real investment.

“If the tribe decides to own this team, I think they are as competitive as any ownership group in the league.”

Mohegan's move is because the WNBA is experiencing rapid growth and as ownership groups invest more, including player experience. This is mainly reflected in the franchise, where dedicated practice facilities are established, thereby conducting alliance-wide battles between teams.

Connecticut is one of the teams that have not yet announced plans for training facilities, and players currently at Mohegan Sun Arena (their 8,910-capacity family court) or the Mohegan Tribal Community and Commange Center are also open to tribal members.

The Suns are one of the WNBA's most successful teams on the court, with six straight semi-finals in the playoffs in 16 of Connecticut's 22 seasons. But 2025 will be a new era for the franchise after losing its entire starting lineup in the offseason due to free agents or trades.

Rizzotti said the franchise “is an ideal place” and “this is the reason we have been beneficial for two decades, “feeling that the roster turnover experienced this offseason is more important than the recurring problems.

"As long as we are here, we'll pour into this franchise," Rizzoti said. "And if it's not the case, then we'll worry about that when the time comes."

While the franchise’s long-term status is unclear, the team will focus on preparing for the upcoming season, which will begin on Sunday in a home game against the Washington Mystics.

Coach Rizzotti and Rachid Meziane responded to a joint effort to control what the team could control.

"They have a job, and our job is to put the best products on the floor," said Tina Charles, who was drafted by the Suns in 2010 and then returned to the organization in the offseason. “We believe they will do their job and make the right decisions that will move the organization, the players, the coaches and the staff forward.”