WNBA Team Co-Owned By Ex-Sen. Kelly Loeffler Is Sold After Players' Criticism

The WNBA franchise the Atlanta Dream, which had been co-owned by former U.S. Sen. Kelley Loeffler of Georgia, has been sold, the league announced Friday afternoon.

The three-member investor group which purchased the team includes former Dream player Renee Montgomery, making her the first retired player to become both an owner and a WNBA executive.

The other owners are Larry Gottesdiener and Suzanne Abair, two executives from the Massachusetts-based real estate firm Northland Investment Corp.

"With the unanimous WNBA and NBA [board] votes, today marks a new beginning for the Atlanta Dream organization and we are very pleased to welcome Larry Gottesdiener and Suzanne Abair to the WNBA," Commissioner Cathy Engelbert said in a statement.

"I am also thrilled that former WNBA star Renee Montgomery will be joining the ownership group as an investor and executive for the team. Renee is a trailblazer who has made a major impact both in the game and beyond," Englebert added.