FORT COLLINS, Colo.—A group trying to bring a WNBA team to Colorado said Tuesday that it hadn’t found enough interest from investors to continue pursuing a team for 2008.
Triple Crown Sports left the door open for the future, though.
The group said it had agreed with the WNBA to meet financial criteria for the expansion Colorado Chill by Saturday but couldn’t raise enough money.
“In summary, we are not financially qualified to own an expansion team at this time; and that should we become qualified through partnering or growth of our core business, we would still be very interested in the WNBA,” Triple Crown Sports said in a written statement.
Triple Crown Sports owner Dave King told the Coloradoan his group had about 40 percent of what it needed. “We didn’t come up with the operating capital of $5 million to $7 million to do it,” King told the newspaper.
King operated the Chill as a franchise in the now-defunct National Women’s Basketball League for three years ending in 2006.
