The Connecticut Sun spent much of the last year emphatically denying that Mohegan Tribe ownership group was considering selling the franchise, but that narrative changed dramatically on Monday when it was reported that the team’s owners hired investment bank Allen & Company to explore a sale.

Connecticut Sun president Jennifer Rizzotti said Tuesday that the team's ownership group is "exploring all options to strategically invest in the team," including a potential sale.

The Mohegan Tribe have owned the franchise since 2003, when they paid $10 million to acquire what was then the Orlando Miracle.