Kilmer Sports Ventures to make ‘important announcement’ amid WNBA Toronto reports

TORONTO — Kilmer Sports Ventures says it will make an “important announcement” at a news conference this morning following reports it has been granted a WNBA franchise for Toronto.

The CBC was the first to report on May 10 that the women’s professional basketball league awarded a franchise to Kilmer Sports Ventures, headed by Toronto businessman Larry Tanenbaum.

Tanenbaum is the chairman and CEO of Kilmer Group and the chairman of the board for Maple Leaf Sports and Entertainment, which owns the NBA’s Raptors and NHL’s Maple Leafs.

The Toronto-based WNBA team would reportedly begin play in 2026.