The Connecticut group seeking to keep the Sun in the state is led by Marc Lasry, a billionaire investor who formerly owned the NBA’s Milwaukee Bucks, with additional support from the local corporate community.

Boston Celtics minority owner Steve Pagliuca said the potential deal to buy the Connecticut Sun for a record amount and move the team still needs approval from the WNBA Board of Governors

If the sale and move go through, Boston will be part of a wave of new WNBA cities. The league announced Portland, Toronto, Cleveland, Detroit and Philadelphia as expansion cities in an upcoming wave of growth, which will unfold over the next five years.