A significant increase in valuation has been reported for a WNBA franchise. The team's value rose from $85 million to $405 million between 2024 and a later point. This substantial growth is seen as validation of the women's basketball market.

Cheryl Reeve has expressed a positive view of an ownership change for the franchise, suggesting it reflects a broader trend in the WNBA. The change in ownership and the team's increased valuation may indicate a growing interest in women's basketball.

Further details about the ownership change and its implications are available from the source, providing more insight into the situation and the perspectives of those involved, such as Cheryl Reeve.