India, March 28 -- One of America's richest businessmen is set to become the new owner of a WNBA team. Tilman Fertitta who already owns the Houston Rockets has agreed to buy the Connecticut Sun for $300 million and plans to move the team to Houston in 2027.

According to a person familiar with the deal who spoke to the AP on condition of anonymity, the team will be renamed the Comets and will play one last season in Connecticut before relocating. The deal still needs approval from the WNBA Board of Governors.

According to Forbes, Fertitta has a real-time net worth of $11.1 billion as of March 27, 2026, placing him 273rd on the list of the world's wealthiest people. To put the $300 million Sun purchase into perspective, it represents less...