{"id":571988,"date":"2026-04-08T15:13:09","date_gmt":"2026-04-08T15:13:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/571988\/"},"modified":"2026-04-08T15:13:09","modified_gmt":"2026-04-08T15:13:09","slug":"will-smith-reportedly-invests-in-phillys-wnba-expansion-team","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/571988\/","title":{"rendered":"Will Smith Reportedly Invests In Philly&#8217;s WNBA Expansion Team"},"content":{"rendered":"<p>                            <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/04\/IMG_9578.jpg\" alt=\"Will Smith, Net Worth\"\/><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.blackenterprise.com\/author\/johnsonj\/\" class=\"author\" rel=\"nofollow noopener\" target=\"_blank\">by  Jeroslyn JoVonn <\/a><\/p>\n<p class=\"article-date\">April 8, 2026<\/p>\n<p class=\"sub-text\">Philadelphia\u2019s upcoming WNBA expansion team is set to debut in 2030.<\/p>\n<p>Will Smith is bringing his latest investment <a href=\"https:\/\/www.blackenterprise.com\/wnba-players-union-revenue-sharing-housing-league-negotiations\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">home, reportedly buying a minority stake<\/a> in Philadelphia\u2019s expansion WNBA team.<\/p>\n<p>On April 6, sports business reporter Kurt Badenhausen <a href=\"https:\/\/www.yardbarker.com\/entertainment\/articles\/report_hollywood_star_will_smith_joins_wnba_expansion_team_ownership_in_his_hometown\/s1_17759_43696699\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">revealed that<\/a> the Oscar-winning actor had secured a minority stake in his hometown\u2019s incoming WNBA franchise. The small stake is estimated at a humble 0.1%, enough to strengthen the ownership group\u2019s local connection in a city deeply rooted in basketball culture.<\/p>\n<p>The news comes as Philadelphia was officially awarded one of three expansion teams, part of the league\u2019s plan to grow to 18 franchises by the end of the decade. The new WNBA team will be operated by Harris Blitzer Sports &amp; Entertainment, with Josh Harris serving as governor and leading an ownership group that includes David Blitzer, institutional investors, and Smith as a minority stakeholder.<\/p>\n<p>Philadelphia\u2019s WNBA team is expected to play at Xfinity Mobile Arena, with ownership committing at least $50 million toward a dedicated practice facility. Comcast is also set to take a minority stake as part of a larger arena partnership.<\/p>\n<p>The expansion underscores the league\u2019s continued growth, with Commissioner Cathy Engelbert citing record viewership and rising demand as driving forces behind the addition of teams in Cleveland (coming in 2028), Detroit (coming in 2029), and Philadelphia (coming in 2030). Each city was selected based on long-term viability, strong ownership groups, and infrastructure readiness.<\/p>\n<p>Philadelphia\u2019s WNBA expansion is expected to draw strong crowds, building on the more than 21,000 fans who packed Xfinity Mobile Arena for an Unrivaled 3\u00d73 doubleheader in January\u2014setting a record for a regular-season women\u2019s pro game. The star-studded turnout, featuring celebrities, NBA veterans, and local figures, highlighted a demand that goes beyond individual players.<\/p>\n<p>With solid ownership backing from celebrities and industry figureheads, <a href=\"https:\/\/www.blackenterprise.com\/masai-ujiri-toronto-tempo\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">along with the league\u2019s growing momentum<\/a>, Philadelphia\u2019s arrival is part of a broader push to expand the WNBA\u2019s national footprint.<\/p>\n<p>RELATED CONTENT: <a href=\"https:\/\/www.blackenterprise.com\/stephen-a-smith-presidency\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Does Stephen A. Smith Have A 2028 Presidency Plan?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"by Jeroslyn JoVonn April 8, 2026 Philadelphia\u2019s upcoming WNBA expansion team is set to debut in 2030. Will&hellip;\n","protected":false},"author":2,"featured_media":571989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[2085,99,4277,434],"class_list":{"0":"post-571988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wnba","8":"tag-philadelphia","9":"tag-sports","10":"tag-will-smith","11":"tag-wnba"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/571988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=571988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/571988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/571989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=571988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=571988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=571988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}