Houston Comets to Fold
The Houston Comets, a franchise that won the first four WNBA championships, is disbanding.
The league-owned team will be shut down because new owners couldn’t be found.
"You have to build on strength," WNBA president Donna Orender told The Associated Press in a telephone interview. "My outlook is to build on the fact that the league has great momentum and in Houston we didn’t have the enough runway to get a deal done in time for the 2009 season. So right now we have to move on."
The WNBA will officially announce the move on Tuesday, which will result in the loss of 37 jobs.