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Renee Montgomery purchases stake in Atlanta Dream

Former Atlanta Dream guard Renee Montgomery becomes the first former Women’s National Basketball Association (WNBA) player to become a part-owner and executive of the franchise.

Renee Montgomery purchases stake in Atlanta Dream

The change of ownership of the Dream comes after Kelly Loeffler, the former Republican Senator and former 49 per cent owner of the Dream angered WNBA players with her views on the league’s racial justice initiatives.

Montgomery joins Larry Gottesdiener, who will be the majority owner of the Dream and Chairman of Northland, an industry-leading national real estate firm Suzanne Abair.

The two time WNBA Champion opted to sit out last season to focus on racial justice issues, like the Black Lives Matter movement and recently announced her retirement as a player this month after 11 seasons in the league.

“My Dream has come true,” started Montgomery. “Breaking barriers for minorities and women by being the first former WNBA player to have both a stake in ownership and a leadership role with the team is an opportunity that I take very seriously. I invite you to join me as the Dream builds momentum in Atlanta!”

Montgomery said that stepping into a position of power as an executive was exciting, adding that: “the future is female.”

The WNBA Players Association released a statement to commend the ownership takeover: “It is time for the women at the Atlanta Dream and their fans to have an opportunity to heal and move forward.”

Montgomery also received support from the WNBA commissioner Cathy Engelbert saying:

“Today marks a new beginning for the Atlanta Dream organization, I admire their passion for women’s basketball, but more importantly, have been impressed with their value.

“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,

“I’ve seen Renee’s strong work ethic. I’ve seen her advocacy and knowledge of the game and I’m sure that’s going to be an asset to Larry and Suzanne and a huge benefit to the team.”

Author: Jack Finnie