untung99.biz: NBA legend Dwyane Wade joining Chicago Sky ownership group What impact could he have

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Soon-to-be Naismith Hall of Famer Dwyane Wade is joining the Chicago Sky ownership group, the team announced Friday. Here’s what you need to know:

• The Sky sold close to a 10 percent stake in the team last month to a group including Chicago Cubs co-owner Laura Ricketts.
• Wade, a Chicago native who spent most of his legendary NBA career with the Miami Heat before retiring in 2019, also has ownership stakes in the Utah Jazz and Real Salt Lake.
• The 41-year-old Wade told ESPN that buying into the team is “a great opportunity to be a part of the league in its very early stages.” He added: “Growth is going to happen, and so I want to be a part of the growth of this league.”

What else the team, Wade said

Sky co-owner and operating chairman Nadia Rawlinson told ESPN that Wade “has made an impact now in business and philanthropy in really significant ways that are abiding and authentic and true, and that is who we are at the Chicago Sky,” adding, “so the fact that now he can help us be part of his story with that is extraordinary.”

“We all talk about support, and support looks different for everyone,” Wade told ESPN. “And so instead of tweeting out and saying ‘go support the W,’ instead of showing up at the game and supporting, I wanted to take it to that next level, and this was the next level for me.”

What impact could Wade have on Sky?

Wade’s addition to the Sky’s ownership group is the latest example of a high-profile figure taking interest in one of the WNBA’s 12 teams. Although the franchise did not disclose Wade’s exact ownership percentage — in June, the Sky disclosed a group including Ricketts had purchased a 10 percent stake in the team — his presence should only continue to bring more interest to the franchise.

The question, though, is what kind of tangible investments will follow as a result of his inclusion with the Sky. The franchise is in need of a private practice facility, as it has practiced at a public gym, Sachs Recreation Center, in the Chicago suburb of Deerfield, since 2011. The Chicago Sun-Times reported back in May that the franchise was scouting out possible locations to build a new facility, aware of the impact its current setup might have on prospective free agents. If Wade can help bring that project to fruition, it would mark a potentially significant step in the growth of the franchise. — Pickman

Backstory

The Chicago Sun-Times first reported in June that Wade had looked into investing in the Sky, and had recently attended a team practice. The move is still subject to approval from the WNBA Board of Governors.

Wade, a 13-time NBA All-Star, joins the ownership group during a transitional period for the team. Former general manager and coach James Wade stepped down in June to become an assistant with the Toronto Raptors. He was named WNBA Coach of the Year in 2019 and helped the Sky win the league championship in 2021.

The team also saw key departures last offseason in Candace Parker, Courtney Vandersloot, Allie Quigley and Emma Meesseman.

The Sky are 8-12 this season, sitting fifth in the Eastern Conference.

Required reading

(Photo: Kyle Terada / USA Today)