Toronto has been awarded a WNBA franchise beginning in the 2026 season. The franchise will be owned by Kilmer Sports Inc., which is run by Larry Tanenbaum. Tanenbaum is a minority owner and chairman of sporting giant Maple Leafs Sports and Entertainment which owns the Maple Leafs, Raptors, TFC, Argos and Marlies. Tanenbaum reportedly attempted to purchase the team through MLSE, but other members of the board turned down the opportunity. The WNBA recently expanded to 13 teams with San Francisco beginning play in 2025.

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