The ArenaClara Wu Tsai’s Plan to Build the First $1 Billion WNBA Franchise
When Clara Wu Tsai and her husband, Alibaba co-founder Joe Tsai, bought the WNBA’s New York Liberty in 2019, one of her first priorities was convincing her fellow team owners they needed to spend money to see real growth in the sport. “For so long, we felt that the owners in the league have been operating from this scarcity mindset and just trying to save money,” Wu Tsai said earlier this week at The Information’s Women in Tech, Media and Finance conference in Yountville, Calif. “But that’s...