New York Liberty owners sold shares of the WNBA team at what would be a record valuation of $450 million for a women's pro sports franchise, according to multiple reports.

It’s also believed that the defending champions are the highest-valued women’s sports franchise in the world. The Chelsea women’s soccer team recently sold equity at a reported $326 million valuation. The WNBA’s Dallas Wings previously brought on investors at a $208 million valuation.

The New York Liberty have raised capital from a group of investors at a record valuation for a professional women’s sports franchise of $450 million, sources with knowledge of the agreement told . The total size of the shares sold in the team’s capital raise is a percentage in the “mid-teens,