Serena Williams announce that she will be a partial owner of the new Toronto Tempo WNBA expansion team.
According to ESPN, the team is primarily owned by Kilmer Sports Ventures, chaired by Larry Tanenbaum, and is led by team president Teresa Resch. The Tempo are the 15th team to join the WNBA and will tip off their first season in 2026. Their expansion draft will be held after the 2025 season.
“I am thrilled to announce my ownership role in the first Canadian WNBA team, the Toronto Tempo,” Williams said in a statement. “This moment is not just about basketball; it is about showcasing the true value and potential of female athletes — 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.”
As a part of her role in the new Toronto organization, Williams will be involved in future jersey designs and merchandise collaborations. She studied design early in her career and has long been a fixture on the fashion scene throughout her storied career.
