Tennis legend Serena Williams is set to join the ownership group of the WNBA’s first Canadian franchise, the Toronto Tempo, with Williams to partner with Larry Tanenbaum, chairman of Kilmer Sports Ventures for the Tempo, who will officially begin play in the 2026 season.
The 43 year-old American, who won 23 majors during her iconic career, will play an active role in future jersey designs of the WNBA franchise.
“I am thrilled to announce my ownership role in the first Canadian WNBA team, the Toronto Tempo,” Williams revealed. “This moment is not just about basketball; it is about showcasing the true value and potential of female athletes.”
She added, “I have always said that women’s sports are an incredible investment opportunity. I am excited to partner with Larry and all of Canada in creating this new WNBA franchise and legacy.”
Toronto Tempo president, Teresa Resch, said, “Serena is a champion. She’s the greatest athlete of all time, and her impact on this team and this country is going to be incredible.”
Resch continued, “She’s set the bar for women in sport, business and the world – and her commitment to using that success to create opportunities for other women is inspiring – we’re thrilled to be marking the lead-up to International Women’s Day with this announcement.”
Williams’ latest investment is one of her several ownership ventures in the world of sports. She currently has a stake in the Angel City FC women’s soccer team as well as minority stakes in the Miami Dolphins and TGL’s Los Angeles Golf Club – the virtual golf league headed by PGA stars Tiger Williams and Rory McIlroy.