This comes as a surprise to me.
Houston Comets coach Van Chancellor has told FOX 26 sports that he has resigned after 10 years with the team.
Chancellor led the Comets to the first four WNBA championships and won the league's Coach of the Year award three straight times (1997-99). He had a 211-111 record with the Comets including 20-12 in the playoffs. He also coached Team USA to the Olympic Gold medal in 2004.
The 63-year-old Chancellor said the imminent salem of the team figured in his decision to step down. FOX 26 reported Tuesday that owner Les Alexander is close to an agreement to sell the team to furniture dealer Hilton Koch.
"With new ownership coming in, I want to step back and allow the new owners to take their own direction," Chancellor told FOX, "and this gives me a chance to spend time with my family and decide what I want to do in the future."
WNBA sources tell FOX 26 Sports that Houston Comets owner Leslie Alexander has entered into an exclusive negotiating window to sell the team to Houston businessman Hilton Koch of Hilton Furniture.
League sources tell FOX the two sides are close to an agreement in principle but there are still some issues that must be resolved before the deal is consumated.
No purchase figures were available but the Los Angeles Sparks recently sold for $10 million.
On a related note, the WNBA is down to 13 teams as the Charlotte Sting close their doors. I really like this league, and I like taking Olivia to its games, but I sure wish I were seeing more positive trends for its business model. Alas.Posted by Charles Kuffner on January 04, 2007 to Other sports | TrackBack